In the Information age, innovation is limitless. We have seen the increase in popularity of short-term residential stay locales and we have also seen a startup ecosystem increase in direct proportion. Below are three startups that have benefited from the short-term residential stay concept and the benefits they provide.
Pillow is a San Francisco-based technology-driven hospitality company, which helps manage short-term rentals in multifamily buildings. Started in 2014 by Daniel Palumbo, Justin Miller, Mariusz Lapinski, Sean Conway, Todd Conway At its inception, the idea was to service AirBnB hosts, however, the vision is growing to include entire buildings and communities – largely inspired by the 2018 Airbnb branded short-term rental development.
Dharma Home Suites
Dharma Home Suites has positioned itself as the is an industry-leading partner for developers of short-term furnished apartment living. They currently have projects in major cities on the East Coast. They select their suites personally and furnish them tastefully, aiming to offer guests superior comfort and space. Their apartment selection criteria follows ancient Feng Shui principles and chosen apartments are impeccably adorned with furniture and art representing styles from different parts of the world.
Beyond pricing is a dynamic, data-driven solution to identifying competitive pricing for short-term rentals. Similar to realtor.com, Beyond Pricing uses real-time market data and statistics to that their price recommendations maximize revenue and occupancy.