Hostmaker, a leading Airbnb and holiday rental property management specialist, claims to have found a way to fill the low-season and circumnavigate tighter Airbnb regulations while increasing revenue opportunities for landlords by listing its inventory across Spotahome to capture mid- to long-term residential bookings.
The holiday rental specialist, which typically targets holidaymakers and guests, saw the opportunity to fill its inventory with longer stays by using Spotahome as a channel to assist in filling low seasons, which it says meets landlord requirements and city regulations.
While Hostmaker largely sells for short-lets and holiday bookings across sites including Airbnb, HomeAway, Onefinestay and Booking.com, Spotahome is providing Hostmaker with an alternative channel to list its entire portfolio in its core European cities, including London.
For Hostmaker, Spotahome provides exposure to longer-term bookings beyond the 30-day maximum stay of some vacation booking sites, allowing the property management company to meet rental regulation requirements in a number of cities where there are restrictions in minimum lengths of stay.
The mid-term residential rental option also helps tenants who cannot commit to or be locked in to a full 12-month term, including students, visiting professors, business executives relocating, or temporary contractors.
David Grey, head of yield management at Hostmaker, said: “Spotahome provides access to a market that can cater for the low season, that guarantees income for the property owner so they can stabilise income over the year and utilise short lets for peak seasons.
“Regulation in London provides an opportunity that most other cities do not have; the flexibility of very short stays and those that do not neatly fit into six-month plus.”
Furthermore, London only allows 90-days of short-lets giving Hostmaker and Spotahome a unique opportunity, where they can place one or a series of mid-term stays in the low-season and optimise the property for a number of short bookings in the peak season.
James Heffer, Spotahome’s city manager for London, commented: “Hostmaker has a great product, which will allow Spotahome to offer a wider range of properties giving home seekers wider choice and a quality booking experience.
“Hostmaker listings stand out, as they add extra value to people staying for extended stays where the guest doesn’t feel like they are staying in an apart-hotel.”