Good Morning Hospitality Vrbo’s Position on Moats & Paid Platforms with Tim Rosolio, VP of Vacation Rental Success at Expedia Group
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!