'They're basically running hotels': Property management companies Airbnb's biggest winners - CBC
Summary
This 2017 CBC article highlights how property management companies (PMCs) are capitalizing on the Airbnb boom, effectively operating like hotels. The article suggests that PMCs are the biggest winners on the platform. The rise of PMCs indicates significant changes in the STR landscape and opportunities for investors.
Key Insights
- •Property management companies are identified as the biggest winners on Airbnb.
Action Items
- ✓Consider the growing influence of property management companies when analyzing the market and formulating your business plan.Effort: lowImpact: medium
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