Jul 10 2020 by Business Insider
 
The short-term rental industry has seen two big trends during the pandemic: a collapse in demand leading to liquidity challenges for urban operators, and a surge in demand for rural properties.
Airbnb-backed Lyric has shrunk to a single hotel in New York after slashing staff. Stay Alfred, one of the earliest venture-backed short-term rental companies, has shut down entirely.
But Sonder, the largest venture-backed short-term rental operator, and CorpHousing Group, a privately-owned...
Continue Reading Some short-term rental startups like Sonder and CorpHousing say they're bargain-hunting for new locations to bet on an eventual travel recovery