Stay alfred closed12/11/2023 This ultimately feeds into the company's long-term strategy for sustainable growth and delivering heightened travel experiences for guests to feel like locals in their surroundings. This week's newsletter also features an exclusive interview with Stay Alfred founder and CEO, Jordan Allen, who discusses a number of topics, such as the challenges rental sites are facing when partnering with multifamily platforms to lease empty units and diversify revenue streams.Īllen said one of the major challenges involved educating developers about how it operates under a master lease model as they look to embrace hospitality in their buildings by catering to the interests of millennial consumers who are seeking more emphasis on global community and technology. View a taster of the event in this vox pop video and I'd definitely recommend attending if your business is looking to take the opportunities the region presents, discounted 'short-term rental professional' tickets can be bought on the event website here. We will also be conducting video interviews with hospitality leaders from OnePerfectStay, Knight Frank and more. Speakers taking part in the conversation are GuestReady MD Reem Al Khatib, Maison Privee co-founder Paul Mallee and Airbnb's Adlene Djekiref. Highlights include a session focussed on "Short-term rentals: the end of 'alternative'", a quick fire Q and A with Adlene Djekiref, recently appointed Middle East & Africa Hotels & Serviced Apartments Regional Manager, and a 'deep dive' into the local holiday home market by Ali Manzoor, Partner, Knight Frank MENA. Meanwhile, AirDNA released its own findings into the state of Dubai's vacation rental market in a blog post this week, including that homes in the city generated $136.7m over the last 12 months.ĭubai's short-term rental accommodation market is a topic which runs through the SASMEA agenda on 16 September at EMAAR's Rove Dubai Marina. OYO Rooms' intensifying focus on the UAE reflects a growing wave of optimism in the short-term rental market in the region against the backdrop of a Skift Research report estimating that the cumulative bookings market worldwide for rentals this year would go up to $115 million. It follows IBC Group’s announcement in August that it was set to purchase the luxury properties to operate as short-term rentals, and it has now partnered with Asia's largest hospitality firm in OYO.īoth Gallery Suites and OYO aim to fulfil the growing demand for high quality rental experiences in Dubai by becoming the service providers of choice for travellers at the luxury end of the market before the Emirati city welcomes approximately 25 million visitors for next year's Expo. With Serviced Apartment Summit MEA fast approaching, more news has emerged from Dubai, where Gallery Suites Vacation Rentals, a subsidiary of IBC Group, has partnered with OYO Rooms in a $5 billion deal to furnish and manage 10,000 luxury holiday homes.19 Welcome to the latest Short Term Rentalz weekly newsletter!.
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