Many hosts are turning to midterm or long-term accommodation options as demand for short-term lodging plummets.

The study by Hostfully reveals that while there were more than 115,000 companies managing vacation rentals in 2018, this has now grown to more than 140,500.

Software-as-a-service [SaaS] startup Hostfully has published the sixth edition of its annual vacation rental industry trends report.

Predictions that leaders in the travel space shared with PhocusWire.

Independent short-term rental software startups have done well during the post-pandemic travel boom, but the market is starting to get tougher,

The short-term rental market has fared better than most segments of travel during the pandemic, although it has faced a different set of challenges.

Brian Chesky, the chief executive, acknowledged tensions with hosts but said the relationship had improved over the last year.

After years of delay, guest sentiment pushed Airbnb into more transparent pricing. It’s great for the short-term rental sector, and many competitors large and small will have little choice but to follow.

There is a “new normal” for the sector this year as demand softens or over-supply takes hold in certain markets, but there is also a reset for the association in terms of unlikely allies and members.

David Jacoby, president of Hostfully, which helps professional short-term rental property managers maximize distribution and guest experience, is the latest to offer his insights on generative AI and its impact on the travel industry.