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  • American City Business Journals4 months ago

    Phoenix-area home rentals spike as Final Four approaches

    According to Airbnb representatives, there are 9,200 projected guest arrivals — a 128 percent increase compared to the same period last year — in greater Phoenix. The typical price for a booked night in Phoenix this weekend is $94, and in Glendale, where the games will be played at University of Phoenix Stadium, the average price is $110. The top origin cities for inbound guests are, in order: New York, Seattle, Portland, Chicago, Los Angeles, Phoenix, Denver, Tucson, Calgary, San Jose.

  • American City Business Journals5 months ago

    How Expedia changed HomeAway's business model to take on Airbnb

    Expedia Inc. is transitioning HomeAway’s business model a year after buying the Texas-based vacation rental company for $3.9 billion. HomeAway used to make money by charging subscription fees to owners or managers of vacation rental properties. Expedia is switching the Airbnb competitor to a transaction-based model by charging travelers a fee when they book a rental and charging property managers a commission fee for the listing.

  • American City Business Journals6 months ago

    Super Bowl bolsters rental market in Houston

    Nancy Almodovar’s phone started ringing off the hook two weeks ago. The Houston Realtor, who specializes in brokering high-end homes and condos, has been fielding five to 10 calls a day — all related to the Super Bowl. Calls have come in from Houstonians looking to lease their home as well as from out-of-towners looking for a place to stay over Super Bowl weekend.