:
Virtual tour tech growing in vacation rental sites
Reading Time: 2 minutesWorldwide: In a market that is becoming more crowded than ever before, services are looking at the virtual tour as a way to separate their property from others. Though the technology has been in use in the traditional real estate market for a few years, vacation rental companies are only just beginning to use the […]
Oxford Economics releases housing affordability crisis report
Reading Time: 2 minutesUS: Research firm Oxford Economics has released its latest in-depth report highlighting the extent to which short-term rentals are leading to the housing affordability crisis facing American communities. The deep dive analysis covered more than 2,500 counties over a four-year period leading up to 2018 and included model extensions on urban areas and vacation destination […]
Jeff Hurst replaces John Kim as head of Vrbo unit
Reading Time: 2 minutesUS: Jeff Hurst has replaced John Kim as senior vice president and general manager of Expedia Group’s vacation rental unit Vrbo. Other changes in the restructuring of Expedia Group’s senior leadership team include Cyril Ranque taking over the role of president of the company’s Travel Partners Group, and Sarah Gavin becoming vice president of Expedia […]
Internet access a vacation rental priority according to Savills and Vrbo
Reading Time: 2 minutesWorldwide: A recent analysis study by Savills and Vrbo® has revealed that internet access is the most important amenity when deciding on a vacation rental, not just for travellers but also for second home owners thinking about purchasing a second home. For the Savills Second Homes Report, Savills Research surveyed 7,800 property owners who list […]
Expedia Group reports revenue growth decline in Vrbo division
Reading Time: 2 minutesUS: Expedia Group has reported a decline in revenue growth within its vacation rental business, Vrbo, in the third quarter of 2019, leading the way to a lower profit margin for the year. Expedia’s Washington-based short-term rental unit, Bellevue, reported revenue growth of 14 per cent to $467 million in the three months leading up […]
Marriott’s Homes & Villas platform to target loyalty members
Reading Time: 2 minutesWorldwide: Marriott International’s Homes & Villas home-sharing platform will not be rivalling Airbnb and other large supplier players in the global short-term rental industry, it emerged at the VRMA International Conference in New Orleans. Rather than offering out luxury properties listed on its platform to the general public, Marriott will provide its selective range of […]
San Leandro accepting registrations for rental operators
Reading Time: < 1 minuteUS: Officials in San Leandro, northern California, are accepting registrations for short-term rental operators to legalise hosted rentals. The San Leandro City Council recently approved ordinances to regulate short-term rentals in San Leandro by establishing requirements for hosted short-term rentals and banning non-hosted rentals, which are short-term rentals of homes to paid guests when a […]
Expedia confirms vacation rental revenue growth
Reading Time: < 1 minuteWorldwide: Expedia Group has revealed its vacation rental business reported a boost to its revenue growth following the rebranding of its Bellevue unit, according to Bloomberg. Bellevue, based in Washington, reported a 17 per cent growth in revenue to $3.15 billion in the three-month period leading up to 30 June. The confirmation marked growing confidence […]
AirDNA outlines short-term rental growth in Vietnam
Reading Time: 2 minutesVietnam: According to a report released by AirDNA, discerning Vietnamese entrepreneurs are seizing the opportunities in the home-sharing sector, amid a surge in listings in the country. The vacation rental data firm found that in the last two years, the number of entire homes listed on Airbnb and HomeAway/Vrbo in Vietnam rose by 452 per […]
Expedia’s HomeAway segment re-branded to Vrbo
Reading Time: 3 minutesWorldwide: Expedia Group has revealed its HomeAway segment, which includes Vrbo, HomeAway and regional rental brands, is being re-branded to Vrbo in its first quarter earnings report. The update comes at a time of slowing growth in reservations in Expedia Group’s alternative accommodation business, seen by the deceleration in gross bookings from 15 per cent […]