In 2017, Hyatt invested in Oasis Collections, offering homes with high-end linens and concierge assistance, but sold it a year later. Experts say hotels are challenged in the rental world in delivering the consistency they normally control and learning to manage far-flung properties. “Hotel brands come with a seal of approval, but it’s harder to enforce,” said Eric Breon, the chief executive of Vacasa, a vacation property management company, which recently acquired Oasis. “Most travelers prefer hotels, so that’s still a robust market,” said Lorraine Wileo, a senior vice president at the travel research firm Phocuswright, which found that consumers prefer hotels over alternative accommodations by a two-to-one ratio. The company plans to integrate its experiential reward offerings — like taking a local cooking class or attending a concert — with its rentals.

Source: International New York Times April 29, 2019 13:41 UTC