This is entirely in Australia, mind. I don't know if that's still the case.
We've had holiday rentals for a long time, but local real estate agents looked after that directly. City ones didn't do it probably because people would look for a location first, then find the local agents. I've done it.
Stayz had first mover advantage in Au and essentially centralised it. We gradually became visible to local councils and there have been a number who tried to setup limits on things. Amongst other things, this drove us to upgrade terms and conditions and hold owners and renters to account. We also upgraded our legal counsel a few times as some jurisdictions decided to go down that path.
Over the years, state governments became interested but, yah, the laws that affect it are still usually at the council level.
Stayz is part of Expedia now and doesn't have its own technology platform anymore, so I've been on something quite different for years.
Wade.
We've had holiday rentals for a long time, but local real estate agents looked after that directly. City ones didn't do it probably because people would look for a location first, then find the local agents. I've done it.
Stayz had first mover advantage in Au and essentially centralised it. We gradually became visible to local councils and there have been a number who tried to setup limits on things. Amongst other things, this drove us to upgrade terms and conditions and hold owners and renters to account. We also upgraded our legal counsel a few times as some jurisdictions decided to go down that path.
Over the years, state governments became interested but, yah, the laws that affect it are still usually at the council level.
Stayz is part of Expedia now and doesn't have its own technology platform anymore, so I've been on something quite different for years.
Wade.