Oasis, which professionally manages apartment and home rentals in several countries, has launched a subscription model for travelers looking for extended stays, such as for remote work during the pandemic.
At the start, the Oasis Passport will offer stays at about 350 homes in 11 markets out of the company’s 1,300 properties in 15 markets.
Oasis is betting on the rise in remote work, as many companies experiment with having distributed teams during the pandemic. Given today’s uncertainty, the subscriptions’ temporary nature may appeal as an alternative to long-term leases.
Oasis subscribers can move between different properties, cities, and countries with a fixed monthly cost. Pricing is based on region and number of bedrooms.
Plans start at 1,625 USD a month for a three-month subscription and 1,550 USD a month for a six-month term. Pricing is set in a cheaper tier for Latin American destinations than for European locations, which start at about 2,075 USD a month.
Parker Stanberry, Founder and CEO of Oasis, said: “To hit this price point, which is designed to be accessible to young professionals or creatives, we’ve made a selection of the more affordable properties in our portfolio, in the neighborhoods that are most appealing for a one-to-three-month experience”.
The Oasis subscription service currently covers Barcelona, London, Madrid, Paris, Rome, Buenos Aires, Bogota, Mexico City, Rio, Santiago, and São Paulo. The company plans to expand elsewhere, including to Miami, Austin, and Denver.
The program offers a choice between 25 to 50 unique apartments and homes in these global cities’ prime neighborhoods, ranging from studios to 2-bedrooms. It includes professional housekeeping, access to an “on-the-ground concierge,” and discounted admission to co-working spaces run by Spaces.
Oasis, founded in Buenos Aires in 2009 and headquartered in Miami, had an early start in serviced home rentals.