The demand for Short-Term Rental properties via platforms like Airbnb, VRBO, etc. are going up.
$1T+
18%
Airbnb estimates it needs millions more hosts.
Hosts aren't joining the STR Platforms to meed demand
With or with out Covid-19, the demand will continue to rise.
Those Seeking better adventures choose STRs.
The short-term rental market in Pakistan is growing rapidly. In 2022, the number of active listings on Airbnb increased by 25% year-over-year.
The most popular cities for short-term rentals in Pakistan are Karachi, Islamabad, Lahore, and Rawalpindi.
The average price of a short-term rental in Pakistan is $60-$125 per night. However, prices can vary depending on the property type, location, and amenities.
The outlook for the short-term rental market in Pakistan is positive. The country is becoming a more popular tourist destination, and the demand for short-term rentals is expected to continue to grow.
The rise of online platforms like Airbnb and Booking.com has made it easier for people to find and book short-term rentals.
The increasing disposable income of Pakistanis is making them more likely to travel and stay in short-term rentals.
The government of Pakistan is promoting tourism, which is creating more demand for short-term rentals.
Pakistan's short-term rental market is nascent but rapidly growing, poised to be a significant economic contributor
The inception of Short-Term Rentals (STR) and the emergence of HomRise have been shaped by pivotal events in the real estate and hospitality industry.
VRBO Revolution
The real estate landscape witnessed a seismic shift with the launch of VRBO, laying the groundwork for the colossal growth of the short-term rental market.
Booking.com
Booking.com's Ascent: From the formidable Expedia Group, Booking.com emerged as a major player in the online travel agencies (OTAs) scene, marking a significant development in the industry.
HomeAway Merge
The consolidation of five conglomerates under the HomeAway brand in the early 2000s marked a strategic move, further solidifying the presence of short-term rentals in the market.
Airbnb Takes the Stage
Airbnb Takes the Stage: Airbnb, the most renowned STR platform, made its debut, albeit at this point, its potential impact on the industry was not fully realized.
Airbnb's Soaring Trajectory
Airbnb started to scale dramatically, infiltrating homes worldwide and reshaping the traditional concept of accommodation.
CHP's Pioneering Venture
Corporate Housing Pakistan (CHP) broke new ground by becoming Pakistan's inaugural real estate company, introducing fully furnished short-term rentals to the local market.
Arrived Homes' Game-Changing Model
Backed by Jeff Bezos, Arrived Homes introduced a revolutionary fractional ownership platform, fundamentally altering the landscape of real estate investment.
CHP Joins Forces with HomRise
In a transformative move, Corporate Housing Pakistan merged with HomRise, injecting new technology and opportunities into the amalgamated entity.
HomRise's Groundbreaking Platform
HomRise unveiled Pakistan's First Vacation Rental Investment Platform, pioneering fractional ownership in short-term rental properties and setting new standards in the industry.
The Booming STR Era
Short-Term Rentals have burgeoned into a dynamic asset class, yet to be fully monetized and scaled, embodying the ongoing evolution and growth within the industry.
Initial Expansion
Acquire 20 additional properties and strategically expand our footprint in the luxury short-term rental market.
Regional Expanion
Acquire 35 properties, expand our total portfolio to 60, and further establish luxury short-term rentals in Punjab and enter Khyber Pakhtunkhwa province.
Nationwide Dominance
Aquire 60 additional properties, effectively doubling our total property portfolio to 120. In tandem, we aim to expand our footprint in the luxury short-term rental market and transition into a nationwide provider of such accommodations. This strategic initiative reflects our commitment to substantial growth, offering a wider array of upscale short-term rentals to clients across the entire nation.
Publicly Traded Powerhouse
Our ultimate goal is to list our company on the Pakistan Stock Exchange, transitioning into a publicly traded firm. This milestone reflects our commitment to transparency, accountability, and providing our investors with an opportunity to participate in our continued growth and success.
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The Homrise approach blends personalized service, innovative business approach, and data-driven insights. This allows investors to create valuable real estate portfolios.
Our focus is on properties that not only boast a robust leasing history but also on those that are the result of ground-up construction, ensuring high-equity positions. This dual approach allows us to tap into the stability of well-leased properties while also harnessing the potential for substantial equity growth in newly constructed assets
We pride ourselves on forming strategic alliances with the most trusted platforms, leveraging their proven experience to enhance our investment strategies. These partnerships bring together collective expertise, allowing us to navigate the intricacies of the market with a shared commitment to excellence.
Transparency is not just a value; it's a commitment that defines our operational ethos. Our dedication to transparency extends beyond building trust with our investors; it is a cornerstone designed to empower them with the knowledge and confidence essential for making informed decisions in the complex landscape of real estate investment.
We’re excited you’re interested in learning more about Homrise! We help you build cash flow with short term rentals.
Choose HomeRise for expertise, reliability, and a client-centric approach.
