Short-Term Rental News Digest – October 2022

span style=”font-weight: 400;”>While the northern hemisphere might be getting ready for winter, industry data shows that there are still many opportunities left before we welcome 2023. Plus, to help hosts and property managers make the most of these opportunities, many tech companies have launched partnerships, integrations, and new features.

Continue reading to discover ideas for how you can improve your hosting game. 

Minut Announces New Integration and Campaign

Minut has integrated with iGMS vacation rental software to make it easier for hosts, rental owners, and property managers to oversee noise levels. This new integration will allow subscribers to automate reminders. When noise is detected, Minut will send the relevant party a text message or automated phone call. What’s more, this integration can also be used for sending welcome text messages to guests or friendly requests for reviews. 

Not only has Minut partnered with one of Airbnb’s preferred software partners, but also Airbnb itself. The proptech company and Airbnb will offer hosts in more than 60 countries a noise sensor on the house. Hosts will also be able to https://www.airbnbtips.com/airbnb-party-ban/ for three months. 

Booking.com to Help Travelers Make More Sustainable Choices

Booking.com has announced a partnership with CHOOOSE, a Norwegian climatech company. Joined by their shared vision of mindful travel, the main goal of this partnership is to make travelers more aware of their trips’ carbon impacts.

Booking.com has announced a partnership with CHOOOSE, a Norwegian climatech company. Joined by their shared vision of mindful travel, the main goal of this partnership is to make travelers more aware of their trips’ carbon impacts.

Not only will they share information about carbon emissions linked to booking via their platform, but they will also share details about carbon offsetting options. Travelers will also be given an option to offset their emissions via the Booking.com platform directly. 

Solid Summer for US Rentals

Even higher inflation couldn’t dampen US travelers from booking short-term rental accommodation. According to data shared by AirDNA, summer demand for Airbnb and Vrbo listings is still robust. Mid-size cities, especially in Texas, currently enjoy the strongest demand.

While Americans might be bracing themselves for winter, there’s still Thanksgiving week and the week between Christmas and New Year’s Eve that promise to be busy periods. For example. Thanksgiving week bookings are already up by over a quarter compared to the same time last year. What’s more, the rate for this popular week on the holiday calendar is also up by almost 10%.

Revolut Introduces Holiday Home Rental Feature

Revolut, a British fintech company, has introduced a holiday home rental feature, Homes. With the help of this new feature, Revolut users will be able to book listed holiday rentals directly via their app. Not only will they be able to access 100,000+ listings from all across the globe, but they’ll also earn as much as 4% cashback. 

To access the Homes feature, users must open Stays in Revolut’s app. They can then select dates, locations, and use filters to narrow down the available options. 

This new feature is part of Revolut’s mission of becoming a super app. It’s in response to their users need to be able to book any rental conveniently via one place. In fact, the company believes that it will be able to divert some of Airbnb’s current market share. 

Rental Market in Europe Cooling Down

After a hot 2022 so far, the short-term rental industry in Europe is starting to slow down. Data shared by AirDNA has revealed that during September the demand was lower. This also impacted the average daily rates. 

Economic uncertainty, energy shortages, and inflation are the biggest reasons for the decline in winter bookings. Only Austria, Finland, and France are still enjoying more bookings compared to three years ago before the pandemic hit. 

Vrbo Reveals First-Ever Winter Sun Escapes List

Thanks to remote work growing in popularity, it’s no longer just retirees that can travel to warmer places during winter. For the first time, Vrbo has created a list of the best destinations for snowbirds of all ages. Its Winter Sun Escapes list features 10 sunny beach and desert destinations perfect for families and friends to enjoy together. 

Nestled between the Costa Rican mountains, this tropical villa offers an infinity-edge pool and breathtaking 270-degree mountain views. Source: Vrbo.

The cities that made the list are:

• Akumal, Mexico
• Destin, Florida
• Galveston, Texas
• Guanacaste, Costa Rica
• Muai, Hawaii
• Palm Springs, California
• Phoenix, Arizona
• Santa Rosa Beach, Florida
• Scottsdale, Arizona
• South Padre Island, Texas

Short Stay Summit Scheduled for April 2023

With the year drawing to a close, it’s time to start planning for 2023. One event that you can add to your calendar is the Short Stay Summit. After 2022’s successful event, the event is set to return next year, but this time to Old Billingsgate in London. 

On 27 April 2023, leading CEOs in the industry, property owners, and innovators will get together to discuss how opportunities in times of transition can be maximized. From industry panel discussions to workshops, there will be ample opportunity to share ideas. 

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