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What Makes Corporate Travel a Worthy Investment Now?

Short-Term Rental Sector Could Be Headed for Its Own Dotcom Bubble Burst: HomeAway Co-Founder

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The co-founder of HomeAway has likened the current spate of special purpose acquisition companies or SPACs to the build-up seen just before the dot com bubble burst in 2001. Since the pandemic, hundreds of so-called “blank check companies” have been formed and there’s appetite for travel companies, in particular in the short-term rental space. But “the SPAC game has gotten crowded,” Carl Shepherd said. “A lot in the pipeline will probably pull back,” he added, speaking at the Skift Live Short-Term Rental and Outdoor Summit. “There’s hundreds of billions tied up chasing unicorns. They’re called that for a reason. With that much money chasing so few opportunities, you realize it might not be the best time.”

Outdoor Travel Firms Get Creative to Hook First-Timers on Fresh Air

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The pandemic not only diverted a flow of travel dollars from city breaks to the great outdoors, it delivered a torrent of new audiences. The challenge now for those companies benefiting from the behavioral shift is how to stop the tide from turning once the crisis subdues. RV rental firm Outdoorsy, for example, went from 400 percent year-on-growth in its early years to 4,500 percent growth in the high season last year. It also raised $50 million in funding in 2019. “We’re starting 2021 with 145 percent growth, and a good proportion are first-time renters,” said Jen Young, co-founder and chief marketing officer, speaking at Skift Live Short-Term Rental and Outdoor Summit on Wednesday. “There’s been a significant influx of new consumer demand.”

4 Key Takeaways From Skift s Short-Term Rental and Outdoor Summit – Skift

4 Key Takeaways From Skift s Short-Term Rental and Outdoor Summit – Skift
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