From a base of €23.28bn in 2016, our research partners SAC Insight suggested this market will be worth €32.5bn by 2023. Compound annual growth is forecasted at 5.8% — a rate rarely sustained in any travel industry sector.
Where do the smart locks come in? From an owner’s perspective, smart door locks are a major upgrade on mechanical security. With keys, there’s an ever-present risk of loss, unauthorised copying, or even lending to unregistered guests. The only way to know your guests have locked up properly is to visit the property in person. And high-end properties make an attractive target for burglary.
In addition, Airbnb’s Business Travel Ready status can only be attained if travellers are always able to check-in 24/7 and without a person-to-person key handover. A smart door lock is the secure and user-friendly way to offer this. Business travel will continue to be a major growth area for Airbnb — one reason why, in Spain, Hoomvip has built an innovative integrated rental management service around the ENTR® door lock.
Travellers prefer smart rentals
Smart security technology instils confidence a short-term rental landlord takes your safety seriously. Key handling can also be a big worry for travellers. With a smart door lock, they never get locked out. A PIN code or app opens the door, so there’s no carrying keys or worrying about losing them. It’s easy for everyone in a group to come and go, because each guest can have their own digital key.
In Italy, Home at Hotel have seen the benefit of smart door locks. Their boutique holiday rentals are secured with an ENTR® smart door lock integrated with the SCLAK access app. With ENTR®, Home at Hotel is entrusting its clients to a security brand with decades of history securing homes and offices all over Europe. Evidence from traveller reviews so far suggests their guests love it.