This article summarises the first Skift Short-Term Rental Summit in New York last week, saying that more and more operators are moving between the traditional hotel space and short-term rentals, including Sonder and Marriott.
The American Hotel and Lodging Association is for the first time recognising a “connective tissue” in hospitality, whereas previously it opposed the short-term sector.
There is also an interest in investing in this space as well as operating.
It describes the sector as real estate business sitting next to a technology business, saying you have to be good at both to compete with the likes of Airbnb.
Some hotel groups are lobbying for stricter regulation while actually entering the sector themselves. The article also compares the rise of short-term rentals to the rise of the boutique hotel phenomenon.