Taking Back Market Share From Short-Term Rentals
Larry and Adam Mogelonsky | May 11, 2022
By Larry and Adam Mogelonsky The blinders are on as every hotel looks to cope with a swing back to high occupancies during the upcoming peak summer travel season. But think beyond this travel recovery scenario and you’ll see that the terrain has permanently shifted in favor of short-term rentals as leaders in some markets. We’ve been forecasting for quite some time that Airbnb, Vrbo and the like would come to not only take travelers from hotels but also influence the direction of the entire accommodations industry. Look no further than the gains seen from Airbnb’s earnings report from Q1 2022 released at the beginning of May. This...
NextPax Named Vrbo® Elite Software Partner, Recognized For Delivering Next-Generation Connectivity to Optimize Performance
NextPax | March 12, 2020
NextPax earns Elite Partner designation from Vrbo®/HomeAway based on innovative platform enhancements and strong bookings revenue for vacation rental partners Salt Lake City (March 12, 2020) - NextPax, the most advanced channel management technology provider for hotels, resorts and vacation rentals worldwide, announced it has become a Vrbo® Elite Software Partner, the highest designation available for vacation rental software companies that integrate with Vrbo. Vrbo, Expedia Group’s global vacation rental business, is the go-to for families to book vacation homes, cabins, and condos with more than two million places to stay around the wo...
From Millennials to GI/Silent – All Generations Use Airbnb and VRBO
October 27, 2015
McLean, VA, October 27, 2015 – Ten percent of all overnight leisure travelers have booked a short term rental in the past 12 months according to a national study by D.K. Shifflet and Associates. Although Millennials took the lead, travelers of all generations booked these types of accommodations and most are considering or planning to book a similar property within the next 12 months. The most popular type of property was an entire residence where the owner was not present (67%), while 15% chose a room in an owner occupied property. "Price is the overwhelming driver for selecting a short term rental," notes Cheryl Schutz, Vice Pre...
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