What is it?
It is a Peer2Peer (P2P) accommodation rental website with a soul and a secret*…
It is for people who what the most out of life even when they’re miles away from home.
It is a community of ‘hearts and minds’ - intelligent and respectful people, interested in travel, new experiences and culture.
It is a community for people with honesty and integrity, people who actually care about the world around them and the people who live on it.
It’s not a “touchy feely” community - but that’s not to say it can’t be between consenting adults!
It’s not an opinionated or righteous community but we do encourage questions, debate and empathy.
How does it work?
In short:
Hosts post accommodation details and a rental price.
Guests book suitable accommodation online.
The community:
is built around friends, interests, groups and events.
It’s a network of like-minded people so we can all travel the world and stay with ‘friends’!
The Secret*:
It’s the execution of this plan that makes MyFriendsHotel.com special and until the launch will remain…a secret!
Why MyFriendsHotel.com?
MyFriendsHotel.com is a new breed of accommodation rental site. It make the rental process more bespoke, linked-in to your lifestyle, interesting and accessible with the additional level of trust provided by a community.
Homes are personal and I see a trusted community as fundamental for peace of mind, quality control and a more ‘local’, reliable and memorable experience. These are key factors to enjoyment, loyalty and a growing community.
Where is the market?
The accommodation market is global with peoples needs being broad and varied. The question is when you travel do you want to stay in a faceless hotel or would you rather stay or rent a home from someone who shares your common interests or who can share their local knowledge? Friend networks are amazing resources and this is one way to make them work for you.
Accommodation needs met by MyFriendsHotel.com:
- Tourist Travel
- Weekend Breaks
- Holiday Rentals
- Event Accommodation
- Monday-Friday Business Workers
- Shot Term Lets
- Long Term Lets
The market is varied and global with each person having different reasons for being away from home.
The size of the market?
The accommodation market is global with over 6 billion users every single night!
US holiday rental market:
= $24 billion
= 20% of hotel revenues
= 8% of the US travel market
Extrapolate those figures globally and clearly the market is HUGE!
The number of holiday homes in Europe is approximately 25% greater than in the US with 9 million homes against 7 million in the US.
The number of new homes being built for residential and holiday use is increasing globally. In many parts of the world the market is saturated and there are currently fewer people renting homes. This is affecting the traditional businesses of Rental Agents and encouraging home owners to find alternative routes to market, be it for their holiday homes or, in many cases, their first home – just to cover the mortgage.
Add to this the growth of ‘Staycations’ (Vacations where you stay at home or in your home country) the traditional holiday home rental process is just not targeting the right people. As such, the self-promoted rental sector is growing fast and changing the face of the holiday rental industry.
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