Be off base certainly they are on a
mission for sure to really not only own
global travel but to really just own
anything that they associate with being
fun. Hello Youtube this is Richard with
Short Term Rental Secrets .com and i'm
coming to you live from Whitefish
Montana check it out absolutely
spectacular weather and conditions here
and I'm skiing and I'm also looking to
make an investment in a future short
term rentals I'm taking a look at what
the different condos I'm looking at some
land i'm looking at some townhouses and
i'm running it through our calculator
and optimizers to see if I think that
this whitefish year-round community
unbelievable Lakes, hiking, Glacier
National Park in the summertime,
paddleboarding, boating, you name it in
the summertime, and incredible skiing in
the winter is a good addition to my
portfolio and more on that a little bit
later but in the meantime I wanted to go
ahead and film a video about the air B&B
acquisition that I'm sure you've heard
about of Luxury Retreats and what that
means since I'm here on vacation and
taking a look at this investment
opportunity and I won't be back in New
York until Friday to film with Charles I
wanted to take the time while I'm here
to film something to keep the entire
YouTube audience of short term rentals
up-to-date and oppressed with the latest
breaking news so here are my thoughts on
acquisition says you probably know I was
a hedge funder and I've been involved in
a lot of acquisitions and takeovers both
companies that we've purchased and also
companies that have acquired up and it's
never that easy from a cultural
perspective it makes a lot of sense from
a financial perspective and on paper it
looks great but Airbnb is so large and
luxury retreats I think it's about 150
million dollar company the air B&B three
billion it's so much smaller that I
think overall they should be able to
bring economies of scale and
efficiencies and the culture together so
I think that that will work really well
I think what's more interesting is why
would such a big company Airbnb look to
acquire such a smaller company and I
think that
interesting thing here is the
opportunity to become a one-stop shop of
all types of properties if you think
about Airbnb when they started years ago
years ago like a decade ago or less it
was about fold-out couches and blow up
mattresses and you know something that
people didn't really think would be too
mainstream and fast forwards you know
less than 10 years later and Airbnb is a
single largest owner of hotel rooms
lodging worldwide and one absence
category that's missing is the super
high-end where people would rent
mansions and villas and luxury
brownstone to town homes and the like
and that's what luxury retreats focused
on so this move signals that Airbnb
wants to be from the economy all the way
to the super high-end and they've done
exactly that by buying luxury retreats
for about a hundred and twelve i'm not
exactly sure what they pay for but
that's not the point the point is they
want to be a one-stop shop full service
operator and they've done just that so
what do I think the future looks like
for Airbnb it's incredibly bright I
think we're in the really early stages
of users using Air B&B for all of their
lodging whether it be for personal
vacation, business I know I've tried to
use it in half a dozen cities over the
last year or so and there's just really
not that much inventory there's a lot of
listings but either there's no
availability by date or the pricing is
wrong or the quality isn't proper so i
think that the future is incredibly
bright for Airbnb and now the great time
to get started whether as a host or a
guest or both so I think this is a
really smart acquisition for Airbnb I
think they'll do really well with it and
I wouldn't be surprised if they don't
grow that luxury segment faster than
anybody thinks and with their economies
in this size and the scale I think that
it could be a hugely profitable portion
of the Airbnb business in fact there's a
competitor to luxury retreats called One
Fine Stay which I'm intimately familiar
with her
I listed some of my properties with them in
the past and I can't believe how much
demand may have for high-end homes. Homes
that are two or three thousand, four
thousand a night and higher that's a
whole segment of the population that
would normally not be on Airbnb and
currently they use travel agents and so
on but they want privacy and so the
opportunity to rent a big mansion or
villa or a brownstone and have your
family or Android your staff stay there
is incredible and the margins are
amazing so anybody who's watching this
if you have such properties and you
think it doesn't really work for Airbnb
and you still think it's a fold-out
couch the times they are a-changin the
changing rather quickly and you should
really think about trying your hand at
it because I think when you're on
vacation you may pay for your entire
vacation by listing your home with Air
B&B or One Fine Stay I know first hand and I'm
doing exactly that so with that I'm
going to sign off from Whitefish Montana
the great state of Montana where I'm
just having an absolute blast I've seen
a couple of investment opportunities
stay tuned for my analysis but it looks
really compelling and this is the kind
of thing that you should be doing
wherever you travel wherever you visit
whether it's for work or play take a
minute take a look at them listing meet
with a broker tour a couple of options
and start to develop a framework in a
methodology which will help you with to
make a decision whether this is a good
opportunity for you to add to your
investment portfolio. Thanks so very much
for your interest and attention and
please go ahead and subscribe it's in
the link and stay tuned for more content
coming to you soon again this is Richard
signing off have a great day take care!
you