Limehome equips commercial spaces as designer apartments and rents them out via its own platform. Josef Vollmayr says in #CoronaUpdate:
“We are not just a digital operator, but essentially a digital hotel chain that covers the entire value chain.”
He and his Limehome co-founder Lars Stäbe have always said that the business model is extremely crisis-proof, says Vollmayr, because people will always travel:
"That really changed overnight. But after the initial shock, things went extremely well. While typical hotels could no longer cover their fixed costs and remained closed for a very long period, we have very lean cost structures here."
The guest's entire stay is also digital and contactless. With its self-catering option, the product is "perfect for this time."
Limehome sees Corona as an “extreme opportunity”
Capacity utilization plummeted significantly at the height of the crisis, reports Vollmayr. Meanwhile, the Startup but has already returned to pre-crisis levels. At the same time, the startup has used the Corona period to expand:
"Because we've also gotten some locations live, our sales have actually grown by about 75 percent compared to the pre-coronavirus period."
The founder therefore sees the crisis as an “extreme opportunity”:
“We believe that market share is gained especially in times of crisis.”
Looking back on the past months, Josef Vollmayr says:
“For us, Corona was the absolute litmus test for our model, for the product and, ultimately, of course, for the team.”
In the full #CoronaUpdate, Josef Vollmayr also reports on his assessment of the future development of the hotel market and why hotel guests are the winners of the current crisis:
