Anybody have any insight on those that rent an apartment or entire floor. Then, rerent the apartment on one of the short term rental platforms? (AIRBNB, VRBO)
Curious to see what there palms would be. Some of the larger players (Sonder, WhyHotel, and Stay Alfred) were able to raise large amounts of cash, fhese guys should be able to weather the storm and stay afloat. But some of the smaller players using the rental Arbitrage model may feel some pain. Considering many of the major cities where this model works may be shut down for business and leisure.
It may be too soon to feel any real pain, but the house of cards will eventually fall.