Vrbo’s Position on Moats & Paid Platforms with Tim Rosolio, VP of Vacation Rental Success at Expedia Group
Good Morning Hospitality
03/20/23
•32m
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One Breaking News announcement and a podcast episode later, we're thrilled to see our show continue to grow as a leading news source for the hospitality industry. In this episode we invited Tim Rosolio who is the Vice President of Vacation Rental Success at Expedia Group (Vrbo) to discuss their moat as a platform as Brian Chesky, CEO of Airbnb, recently shared their interest in sponsored listings on their platform. Something Vrbo is already utilizing on their platform.
Industry News:
- Airbnb wants to deepen the moat (link)
- Mint House Appoints Lee as New CEO (Link)
- Operto Closes Series B Funding at $25M and Sam Shank joins their Board
AirDNA’s Fact of the Week:
Where are folks going for Spring Break? Here are the top 5 most popular destinations during March/April 2023 and their growth in demand from 2022.
The top 5 U.S. markets based on bookings for March/April 2023 are:
- Orlando, FL (-12%)
- Phoenix/Scottsdale, AZ (+40%)
- Gatlinburg/Pigeon Forge, TN (+17%)
- Panama City, FL (+14%)
- Miami, FL (+3%)
Top 5 U.S. Markets where demand has grown the most in March/April 2023 compared to 2022 are:
- Jersey City/Newark, NY (+41%)
- Phoenix/Scottsdale, AZ (+40%)
- Minneapolis, MN (+38%)
- The Hamptons, NY (37%)
- Chicago, IL (+35%)
Cape Cod and The Hamptons are the markets where ADR has grown the most year over year, at 43% and 28% respectively.
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
Previous Episode
The Roami Rebrand & Capital Raise
March 13, 2023
•36m
We are putting our co-host, Brandy Canaley, and Andreas King-Geovanis in the hot seat as our guests this week to uncover the story behind the rebranding (previously Sextant Stays) to Roami and how raising capital has and will impact their business in the current industry landscape!
Industry News:
- SVB Closes : The 2nd biggest bank crash in history (link)
- Signature Bank also closes March 12th
- Storied Collection (Michael Goldin, Co-Founder) was featured on CNBC! Highlighting their business and unique proposition for historic travel. (Link)
AirDNA’s Fact of the Week:
What short-term rental markets are seeing the most demand this year?
- Small city, suburban, and mid-sized cities have the highest growth rates at around 20% YoY growth based on January data.
- Urban and mountain locations grew 15% YoY lagging only slightly behind.
- This includes cities like Scottsdale, AZ, Las Vegas, NV, Palo Alto, CA and Breckenridge Colorado.
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
Next Episode
Can We Prevent an Industry Crisis?
March 27, 2023
•40m
Sustainability is a word that gets thrown around for better or worse but in this episode, the full Good Morning Hospitality crew hops on the broadcast to share thoughts and insights about financial sustainability within the industry and how companies that focus on 2021 revenues as a benchmark are more than likely to have a brutal wake up call.
Wake up with us every Monday morning at 7am PST and 10am EST - this is the one morning show you don't want to miss!
Industry News:
- Placemaker raises $65M (Link)
- STR Wealth Conference - was awesome & excited for 2024! (Wil)
- Expedia & Kayak are first with ChatGPT plugins (link)
- Interesting Acquisition by Steller (Link)
AirDNA’s Fact of the Week:
Is it already time to book your summer vacation?!
The short answer is yes. Get those flights now! But when it comes to short-term rentals, on average, guests saved about 9% by booking two weeks in advance instead of more than six months in advance. And if you’re a host looking to shore up your occupancy, consider lowering your prices as the date gets closer.
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
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