Important news in the short-term rental industry today. Marriott + Sonder ended their agreement and Sonder has initiated a Chapter 7 BK liquidation. This signals a broader shift in the short term… | Sean Breuner | 30 comments
📝 Marriott and Sonder have ended their agreement, leading Sonder to file for Chapter 7 BK liquidation, signaling a shift in the short-term rental industry. AvantStay operates 3,000+ units and 10,000 doors in 175+ cities, with 150,000+ reviews averaging 4.8 stars. Over 24 months, ex-Sonder properties shifted to AvantStay, seeing 20-30% market outperform, guest ratings rising from below 4.10 to 4.85+, and 42%+ more direct bookings. A 20% discount is offered on new bookings for affected travelers.
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