A Shifting PropTech Mindset? | Nine Four Ventures
“Taking a step back, the PropTech space overall continues its evolution. According to CREtech, 2019 saw ~$30B+ invested in the PropTech space globally, keeping the annual trend of continuous record-breaking years of funding alive. VCs have been pouring money into companies in a ‘capital arms race’ with high burn and a focus on growth (many will point to Softbank, but ‘mega-rounds’ have been happening for a while now without them), but a big caveat here is that there is still record dry powder on the sidelines, and valuations continue to rise.”
These 10 apartment hotels will make you feel right at home | USA Today *Featuring Nine Four portfolio company Stay Alfred
“Apart-hotels are taking over the hospitality world, even forcing competitors like Airbnb to invest in a revolutionary concept that enables travelers to immerse themselves in the local culture and still feel like they’re at home when they put their heads down at night, without the headache of unreliable hosts.”
“Nationally, modular construction accounts for just about 5% of all commercial construction, per the Modular Building Institute. But it is gathering strength, and market value for modular in new real estate construction could hit $130B in Europe and the U.S. in the next decade, according to McKinsey & Co.”
“With all the red tape and potential swirl, it can be challenging to implement new technology when you’re in the real estate space. To make it happen, you must become the champion.
This is the underlying key to the successful and widespread adoption of any new proptech. Whether you are in marketing, operations, leasing or finance, you have the ability to move the dial and see that new technologies are implemented.”
“This comes after jobs in the technology sector have increased 80% in the last decade, from 79,400 in 2009 to 142,600, according to a recent report from the New York State Comptroller’s office. “
Smart Building Technology Takes Hold in Hospitality | IOT World Today
“Between 2020 to 2026, the smart hospitality sector will expand by 24% according to projections from research firm Reports and Data.
Evolving consumer expectations is a catalyst, said Daniel Newman, principal analyst at Futurum Research. “Consumers expect frictionless experiences driven by the data that hotels collect in the process,” Newman said.”