Happy Friday!
To start things off, PropTech Outlook magazine has published an interview with our CEO, Paul Waldschmidt. The article talks about OwnerRez and our vision for the future. Paul explains how OwnerRez is an engineer-led company that focuses on parameterization at every step, and does not follow any particular vendor specification or parameters. He states, “As OwnerRez is built in-house, we can offer the best prices and features to our users without compromising on the speed or quality.” Go check out the article to read more about your favorite vacation rental software.😉
Unless you’ve been living under a rock, you probably know that Airbnb has gone public. The share prices more than doubled on it’s first day of trading, from the $68 per share price set the day before IPO, to $146 per share.🤑 Did any of you Airbnb hosts get in on the early host-only share price?
Looking in the other direction, Vrbo has made the decision to pause any new participation in new subscription models. They say they understand the value partners get from using subscriptions, and they currently have no plans to stop those PPS from being able to renew. PMs that already have a subscription will be able to renew, add new subs or convert to PPB. At the moment, these are the countries that only offer PPB (no PPS at all):
- Vrbo-CA
- Vrbo-CAFR
- HA Japan
- HA Singapore
- HA Turkey
- HA Australia
- HA New Zealand
If you have vacation rental properties in California, times are tough. On Sunday, December 6, 2020, the Stay-At-Home Order was put in place by the CA Department of Public Health and will last a minimum of three week. This prohibits short term lodging for recreational or leisure purposes, but they are still allowed for “essential purposes” such as pandemic response of critical infrastructure. Short term rental can also remain open for people who cannot return to their home due to displacement, stranded travelers, people who need isolation or quarantine, or for protection of the homeless.
