Here’s a detailed breakdown of the announcement about AvantStay offering support to travelers and building owners affected by Sonder’s Marriott termination and Chapter 7 liquidation: Background - Sonder, a short-term rental operator, had its licensing agreement with Marriott International terminated. - Following this, Sonder initiated a Chapter 7 liquidation of its U.S. business. - This marks a significant shift in the short-term rental industry, with emphasis moving toward elite operators, strong reviews, and profitability AvantStay’s Response For Building Owners: - AvantStay is offering to onboard distressed units into its platform. - Ensures continuous cashflow, uninterrupted operations, and guest relocation support. - Their institutional platform has already repositioned thousands of units into premier hospitality properties. For Travelers: - Impacted guests will receive 20% off bookings with AvantStay. - Dedicated support via reservations@avantstay.com Track Record - Over the past 18 months, many former Sonder-managed properties transitioned to AvantStay. - Results include: - 20–30% year-over-year revenue growth - Guest satisfaction ratings lifted from 4.1 to 4.85+ - 42% increase in direct bookings - AvantStay operates across 65 U.S. markets and 175+ cities, with 150,000+ guest reviews averaging 4.8 stars Leadership Insights - Sean Breuner (CEO): - Emphasized AvantStay’s hospitality-first approach, citing success with The Gilmore, a four-star hotel in Nashville ranked #1 on TripAdvisor within three months of launch. - Reuben Doetsch (Co-Founder): - Highlighted AvantStay’s tech-enabled platform and institutional-level service, ensuring long-term success for property owners Industry Implications - The liquidation underscores the fragility of some short-term rental operators. - Owners are increasingly seeking stable, transparent, and profitable partners. - AvantStay positions itself as a next-generation hospitality platform, blending tech with curated guest experiences. 👉 In short: AvantStay is stepping in as a stabilizing force, helping both travelers (discounts, relocation) and owners (cashflow, repositioning) in the wake of Sonder’s collapse.
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