AvantStay locks in $20M in funding, looks to expand short-term rental portfolio - PhocusWire
Summary
AvantStay secured $20M in funding, indicating growth within the short-term rental market. This signals potential opportunities for hosts as more investment flows into the industry. Hosts could benefit from monitoring market trends to stay competitive.
Key Insights
- •AvantStay secured $20M in funding.
Action Items
- ✓Consider monitoring market trends and competitor activity to understand the impact of increased investment in the short-term rental market.Effort: lowImpact: medium
More from Growth & Marketing
Airbnb is launching a new host bonus as travel demand surges for the upcoming World Cup. This strategic move aims to encourage more listings and capitalize on the expected influx of guests. The initiative highlights Airbnb's efforts to prepare for peak season travel and its ongoing support for hosts.
This article discusses the emergence of a new platform designed as an 'Airbnb' for hourly creative spaces. It aims to solve the difficulties creators face when finding and renting spaces. While not directly about STRs, it highlights a potential niche market that could be applicable to hosts considering offering hourly space rentals, indicating a shift towards accommodating creative industries.
Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Curated by Learn STR by GoStudioM