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Airbnb Q1 revenue jumps five per cent ahead of travel rebound
Reading Time: 3 minutesUS: Airbnb has reported a five per cent rise in Q1 revenue compared to the same period last year [$887 million compared to $842 million in 2020] in its second earnings report since it went public via an initial public offering [IPO] in December. The company’s Q1 revenue, recorded between January and 31 March 2021, […]
Operto appoints Rick Gay as VP Revenue
Reading Time: 2 minutesVancouver: Property automation system Operto Guest Technologies, which provides solutions for the hotel and short-term rental industries, has announced it has appointed Rick Gay as its new VP Revenue. Gay will oversee Operto’s global sales and client success teams, taking the reigns of the rapidly growing SaaS-based operating system for property managers and guests, supporting the […]
Vacation rental revenues halved, $35b loss in 2020
![[Credit: Andrea Davis on Unsplash]](https://shorttermrentalz.com/wp-content/uploads/2020/12/andrea-davis-VOWXF7lsAN0-unsplash-1024x681.jpg)
Reading Time: 2 minutesWorldwide: According to data from StockApps, the revenue of the global vacation rental industry is expected to drop by $35 billion in 2020, which equates to a 42 per cent drop year-on-year. In 2017 the industry generated $78.7 million in revenue, which rose by seven per cent to almost $84 billion in 2019. However in […]
STRz podcast 8: Vector Travel’s Mickey Kropf on business models’ “reckoning”
Reading Time: < 1 minuteUS: Vector Travel founder and CEO, Mickey Kropf, joins Episode 8 of the new ShortTermRentalz podcast to discuss the “reckoning” for business models in the short-term rental sector, revenue, ADR and length of stay trends, and his optimism ahead for travel as we transition out of the pure survival phase.
Airbnb guests and revenue in Maine triples in the past four years
Reading Time: < 1 minuteUS: Over a half-million guests stayed overnight in homes and apartments booked through Airbnb in 2019, with hosts earning around $91 million last year – an all-time high. As Airbnb rentals rocket in Maine, communities such as Portland and South Portland have enacted rules that limit the number of short-term rental units, as well as […]