The Money
The Cash Flow Lie Exposed in Iowa
On paper, a Midwest duplex promised nine hundred dollars a month. In reality, a single turnover slashed margins to four hundred. Here is the math hosts must face.
By Dana Whitfield · October 23, 2026
October 23, 2026
Everything the short-term-rental business needs to know today.
Property management software provider Cloudbeds has launched a native mobile point-of-sale system. The tool connects on-property venues like restaurants, bars, spas, and retail outlets directly to its core platform, allowing staff to process offline orders and post charges straight to guest folios.
Wyndham is opening its property inventory directly to artificial intelligence booking agents including Meta's Muse, OpenAI, and Instinct. Industry analysts at Morgan Stanley suggest that direct bookings completed by AI agents could cost hotel groups less in fees than traditional bookings through online travel agencies.
New York City officials plan to end horse-drawn carriage operations across the city by 2028. While pedicabs have been suggested as a replacement for the tourist attraction, lawmakers noted that the pedicab industry faces its own regulatory challenges.
Hospitality tech provider HiJiffy has launched Email Copilot, an artificial intelligence system that uses three sequential AI agents to automatically draft email replies for hotels. During a trial at pilot property Oliva Nova, the software reduced average email response times from five days down to one day.
Hotel bookings in Melbourne and Sydney jumped up to 30% year-on-year due to demand from Harry Styles fans, according to data from SiteMinder. Room rates in Sydney increased by $127 per night compared to 2025 levels during the pop star's Australian concert dates.
Luxury second-home exchange network Infinity by Pacaso has officially launched in France. The company announced the move as part of its ongoing international expansion strategy. Pacaso allows co-owners of second homes to swap time across its network of high-end properties.
The day's crackdowns and platform moves, the money, the design and the stays going viral, plus the desk's verdict, in one short email every morning.