Hubloft is a home rental platform where travelers can book a short term rental while traveling to a Hospitality company in Kerala rather than a conventional hotel room while the homeowners can earn an extra income from their home. The company was founded by two ex-Airbnb employees – Raiyaan Nayeem & Basil P.A, who are enabling owners of upscale homes to be a part of the sharing economy without the hassles of the home-sharing.
Hubloft is creating new accommodation in the market by enabling underutilized assets: people’s second home or holiday rental, Hospitality company in Kerala wants to make sharing easier.
For owners who are often away from their primary residence, hubloft ensures such homes not only earn an income but are also available for use by the home-owner whenever and for as long as they need. A holiday home is one of the most underutilized assets as it lies vacant for the most part of the year. As for travelers, hubloft offers them an alternative to a hotel. Appealing to just about anyone, from families and groups to individuals traveling for business, who are looking for a different stay experience.
Rise of short term rentals
With 11 million units vacant in India and low rental yield for homeowners, also, new business models have emerged in India. Space as a service, a subset of the sharing economy where occupants are provided with a suite of services in order to utilize their space efficiently. We are moving into a world where consumers especially millennials are less focussed on ownership and more interested in access based consumption and convenience.
Short term rentals have seen exponential growth in the past couple of years. Despite this explosive growth, travellers still prefer hotels over homes. Given the better price, larger space and the privacy factor, why aren’t such rentals the preferred choice of accommodation? The answer is simple: these home-stays cannot match the consistency of services and conveniences provided by hotels. This is where hubloft steps in.
Hubloft vets every home on its platform ensures that travelers receive consistent and high standards of services along with an authentic travel experience.
“Our goal is to make booking a home as easy and dependable as booking a hotel room. Some of our homes feature what most hotels can’t offer, like exclusive swimming pools, fully equipped kitchens, and private chef.” says Raiyaan Nayeem.
“Our platform is for people who have disposable income and prioritize privacy and service.”
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