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By Accord Real Estate Group

Airbnb Expands Their Reach

August 15th 2019
Tags: Blogroll (elsewhere), Brooklyn Real Estate

Who hasn’t heard of Airbnb? They have been my personal favorite for years when planning my vacation accommodations here and abroad. Airbnb connects you with Brooklyn residential properties and residential properties around the world.

Airbnb has revolutionized how people experience their travel destinations. By offering many options in residences and offering accommodations to suit every lifestyle, a traveler can feel like a local wherever they travel. The value of an Airbnb experience compared to a hotel stay is night and day. Hotel rooms or suites are small and expensive. Airbnb provides the traveler with a home away from home at a good value.

Airbnb has acquired Urbandoor which focuses on business travelers and negotiates directly with multifamily owners rather than renters. Urbandoor’s proposition is that extended stay rentals are beneficial to owners. Airbnb benefits from the acquisition by increasing their supply of residences for the work side of the business which is growing. According to Airbnb, 500,000 companies use their service plan for business travel.

Urbandoor’s business model includes apartment communities in more than 1,500 cities across more than 60 countries around the world.

To Airbnb’s advantage, Urbandoor has built relationships with multifamily owners for the purpose of extended stay. Now that Airbnb has acquired Urbandoor, they may be able to convince some owners of the value of setting aside units for short term stays.

Erik Eccles, Urbandoor Co Founder says “we started Urbandoor because we wanted to connect traveling and relocating professionals with the right apartment everytime, anywhere”. “joining the Airbnb family will help us make good on our goals and expand our work with multifamily and corporate housing partners to bring even more great places to stay to Airbnb travelers.

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

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Accord Real Estate Group
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