Daily vs Monthly

When searching for daily rentals, we have access to great tools that offer us a large number of good-quality listings for very competitive prices. Usually, the booking process is so easy that it can be even done by a person with no travel experience or even by someone without any advanced computer skills. However, things become totally different when searching for accommodation for one month or more. The market is divided between hundreds of local tools that use different names or standards, and the process is complicated even for people who work in this area.

  • Daily rentals
  • Easy
  • Large choice
  • Competitive pricing
  • Organized products
  • Monthly rentals
  • Overcomplicated
  • Relatively small choice
  • Expensive
  • Disorganized products

Market

The monthly rental industry is made up of various different hospitality and real estate products, with the additional market of landlords who offer private rentals. The supply in 2013 compared to 2011 grew by 9.4%, and 94% of operators reported an increase in their demand for serviced apartments.

Each region uses various names and standards for their monthly rental products, which causes a lot of confusion to customers.

  • Commercial
  • Serviced apartments
  • Apart-hotels / extended-stay
  • Corporate housing
  • Condo hotels
  • Flats
  • Private landlords
  • Peer-to-peer rentals
  • Real estate, month-to-month contracts
  • Classifieds
  • Vacation rentals
  • Room-sharing platforms

Existing solutions

Besides hundreds of small-scale local platforms in each city, there are a few players trying to build a global platform for monthly rentals. Some of them work fine for a specific region, for specific accommodation types, but we have yet to see a product with potential to become a working global tool.