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Several issues about the short-term rental sector which has become a preferred accommodation type among many travelers rather than an alternative one will likely come to a head in 2021.
Among such issues are the battle for host allegiances, the limits of inventory supply, and the potential growth trajectories or stagnation prospects of major players.
And we’ll be looking for insights and answers in no-holds-barred discussions between leading executives in the sector and Skift reporters at the Skift Short-Term Rental and Outdoor Summit May 19. See the speaker lineup here.
In the run-up to the summit, we’ve heard executives express concern that they may run out of supply as properties become sold out this summer in a travel recovery and period that has become a landmark year for the short-term rental sector.
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Booking Holdings is committed to building up its alternative accommodations supply in the U.S., and plans to do so through partnerships with property managers rather than via the more laborious task of recruiting individual hosts.
That’s one takeaway from a wide-ranging interview that Skift conducted with Booking Holdings CEO Glenn Fogel on Monday. He discussed the company’s competition with Airbnb in the U.S., likened his “connected trip” strategy to the proliferation of superapps in Asia, and defended the company’s mergers and acquisitions strategy in attractions and hotel services.