Evolve or Die: Time-Tested Keys For Success In The Short-Term Rental Industry with David Angotti
Summary
David Angotti at the 2018 Vacation Rental Success Summit discusses how the short-term rental industry must evolve to stay relevant by focusing on customer acquisition, conversion, revenue optimization, and product, using examples from Toys 'R Us, Netflix, and various marketing strategies. He emphasizes avoiding a race to the bottom and instead focusing on exceptional customer experiences.
More from Growth & Marketing
Airbnb's Community Fund supports Yayasan R.O.L.E. in Bali, focusing on waste reduction and women's empowerment through education and training for employment in the hospitality sector. The program also supports environmental stewardship and waste management, aligning with sustainable tourism practices. The donation is a recognition of the work done by the Indonesia Airbnb Host Community.
Starwood Hotels, after a revival, plans to remain a small, intentionally curated brand, focusing on high profitability. CEO Raul Leal highlights the importance of compelling content and experiences, leveraging social media and AI chatbots for discovery. This strategy reflects changing market dynamics and the power of content marketing.
Kayak's new ad campaign overlooks the impact of AI on travel planning, a notable shift as one-third of U.S. travelers now use AI for travel research. The ads focus on traditional booking methods. This missed opportunity may lead to a slower adoption of Kayak's services against competitors leveraging AI.
Curated by Learn STR by GoStudioM