Andrew McConnell, founder and CEO of Rented.com, discusses possible development in the holiday rental sector.
He notes Airbnb’s acquisitions in this space, including the recent purchase of Luxury Retreats, showing an intent to get more involved in the luxury end of the market. The foray into the management space with “Sonoma Select” proved very profitable, and other likely targets in this space might be Sonder, Pillow, Vacasa, Utopian and Invited Home, as well as potential low-budget accommodation offerings such as Hostelworld.
Likewise, Vacation Rental Management companies might move into distribution to save OTA fees, following Wyndham’s recent purchase of Wimdu, which might prove appealing as an investment opportunity for Vacasa, TurnKey or Vacation Rental Pros.
The article also references other opportunities for Airbnb outside the rental space, including flights, most likely more than just a booking engine; ground transport via a rideshare company; food, where several growing companies fit with the community-like ethos of Airbnb; office space; house sales; and even job recruitment.