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Could YouRent Disrupt Vacation Rental Market?

MIAMI—By the year 2020, it's predicted that the vacation rental industry's momentum will reach a threshold that permanently redefines hospitality as we know it.

By Jennifer LeClaire | jenniferleclaire | Updated on February 08, 2017

Brian Ferdinand, COO of YouRent Brian Ferdinand, COO of YouRent

MIAMI—Short-term vacation rental management platforms such as YouRent and Airbnb are increasingly growing and beginning to pose viable competition to the hotel industry. A recent study by CBRE Hotels’ Americas Research, reveals that from October 2014 to September 2015 travelers spent $2.4 billion on short-term vacation rental lodging and by the year 2020, it’s predicted that the vacation rental industry’s momentum will reach a threshold that permanently redefines hospitality as we know it.

GlobeSt.com caught up with Brian Ferdinand, COO of YouRent, to get his thoughts on this and other questions in part one of this exclusive interview. Stay tuned for part two, in which he will discuss challenges in the hotel market that make a room for services like YouRent.

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