Home-sharing and extended stay hotels are doing well even during the pandemic. Even big hotel chains, such as Marriott, Hyatt, and Wyndham, also got into the home-sharing market.
As the travel and hospitality industry is ready for a long-waited recovery beginning in 2021, Expedia, the parent company of Vrbo, is fighting with Airbnb for supply. Expedia's strategy is to deploy a team to poach Airbnb's superhosts.
Now that every key player in the home-sharing market is fighting for high-quality home-sharing facilities, what do you expect from the competition among hotels, OTAs, and Airbnb? Also, will such a fight for supply affect the real estate market as more investors might purchase homes for short-term residential rentals?