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NEWS STORIES
FEATURES
VIDEOS
Editorial comment
06•04•20 Welcome to the latest ShortTermRentalz weekly newsletter!
• The EU Travel Tech's call for the European Commission to offer equivalent bailout support to its OTA members in line with that being offered to airlines and hotels will have certainly raised some eyebrows among our readers.
EU Travel Tech secretary general Emmanuel Mounier said: “Governments have rightly recognised that travel and tourism is being hit hard by the COVID-19 pandemic. Our members support efforts to back airlines, hotels and other suppliers. However, it is of utmost importance that the European Commission and member states include exceptional measures to assist the whole industry. This means policies that support the entire travel ecosystem, including travel agents, technology solutions providers e.g. global distribution systems, travel platforms for accommodation, metasearch and travel management companies.”
Booking Holdings and Expedia, much like Airbnb, are not immune to the consequences of Covid-19 on the travel sector, despite the size of the companies as their income dries up for an extended period. The former's share price declined by 37 per cent from the early peak of the outbreak, the latter's stock price dropped by 57 per cent from six months ago, and Airbnb called for federal aid to seek tax breaks for its U.S. hosts, after posting $322m net losses over nine months up to September.
While it is almost impossible to predict what the landscape for short-term rental and travel companies will look like post-pandemic, it will be interesting to see if the current uncertainty paves the way for the likes of Google and Amazon to make a big play for the marketplace.
• Our anonymous survey for short-term rental property managers around the world, which we launched last week, is live until Thursday 9 April at 3pm BST so please remember to fill in the form here to contribute your own insights. In next week's newsletter, we will be featuring an in-depth article that will take a deep dive into the current mood and situation in the management space.
• Here at STRz, we want to use the collective experience and knowledge of our readership for the good of the sector, and we are appealing for you to share any hints and tips that can help others.
You can read Sykes Holiday Cottages CEO Graham Donoghue's leadership piece on navigating Covid-19 as a business, relying on four core pillars to work harmoniously, and our article featuring reactions to Brian Chesky's call last week and what the future could hold for Airbnb here.
You can also look forward to much more pertinent, thought-provoking content over the next few weeks and months, including plans to branch out into more media, as we keep our community informed with everything as it happens in the global short-term rental industry.
If you have a story you want us to tell the industry, please click here and get involved with the community by joining our ShortTermRentalz LinkedIn group here.
Paul Stevens, news editor
paul@internationalhospitality.media
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UPCOMING EVENTS
20-21 September, 2020
Rove and Letswork, Dubai Marina, UAE
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International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
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