Leading Research Firm Produced Data Strongly Supporting UCASU's $60 Billion Airbnb Business Model
December 21 2020 - 9:42AM
InvestorsHub NewsWire
Leading Research
Firm Produced Data Strongly Supporting
UCASU's $60 Billion Airbnb Business
Model
ATLANTA, GA -- December 21,
2020 -- InvestorsHub NewsWire -- UC Asset (UCASU),
an Atlanta based global real estate investment firm,
announces the company has retained a
leading research consulting firm to provide research for the
company's 2021 Airbnb-based innovative
property investment strategy (SHOC), which focuses on home
office technology for traveling professionals. First round research was closed by last
Friday, and produced data that strongly supports UCASU's business
model.
"We are pleased to
have an
elite research firm handling the initial
research
for our
new business strategy. Not only is the company among the top
research firms in Atlanta, but they are held amongst the most
reputable in the country. It was important for us to have a solid
research partner as we look towards launching phases of this new
venture in 2021," says Greg
Bankston, managing partner of UC Asset.
UCASU's new
investment strategy aims to capitalize on a new industrial trend,
i.e., the switch of business travelers from conventional business
hotel to shared accommodation
via platforms such as Airnbnb
and
Vrbo.
UCASU's
management projects a $60 billion market in the coming years for
this new trend.
"It is a
revolution, and it is happening across the board." Declares Larry
Wu, founding partner of UC Asset, "Just like conventional taxi
business are being taken over by shared-ride companies like Uber
(NYSE: UBER) and Lyft, we believe that conventional hotel
business will be taken over by shared-accommodation. We've seen it
happening when people travel for their pleasure. However, people
are less willing to use shared-accommodation for business trip, and
that is a market gap we intend to fill in."
According to
the research sponsored
by UCASU,
59.3% of business travelers (defined by spending more than 10% of
their work time on business trip) had used shared accommodations,
but less than half of them (47.7%) had used shared accommodations
for business trip. A very small fraction (5.8%) had
used share accommodations only for business trip. Meanwhile,
90.2%
of business
travelers who had used
shared accommodations had used
them for personal
pleasure.
"We
are beyond excited at this first round of data received," says
managing partner Greg Bankston. "Not only
the data
confirms our
perception that there is a remarkable market gap, but also it helps
us to identify the
most important
factors, which will drive business travelers to use
shared-accommodation for their trip. These results will enable us
to make critical decisions
in
our investment strategy."
UCASU has been
successful investing into house renovations. The new strategy,
brand-named SHOC (Share-Home Office Community) aims to
renovate
residential
communities
to
provide shared-accommodation
which are equipped with home-office technologies to appeal to
business travelers. UCASU believe that, in a long
run, shared accommodations with home-office technologies will
become a favored option for business travelers over conventional
hotels.
About UC
Asset:
UC
Asset LP is a limited partnership formed for the purpose of
investing in real estate for development and redevelopment,
concentrating in metropolitan areas of Atlanta, GA and Dallas,
TX. For
more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this News Release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
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