E ntrepreneurs and access – from cost to profit centre “There’s been an explosion in short-term rental applications over several years, and I mean much more than just BnBs or holiday homes,” said Jo Milne-Rowe, Managing Director at Codelocks UK. “We’re reaching a point where almost anything that has the potential to be shared and rented out is being. Entrepreneurs are seeing new opportunities, and using access control to turn them into profit- generating realities.” Festival lockers are a booming example. They are simple storage units rented to attendees at music festivals and events. People book online, select the rental duration, and receive a time-sensitive access code instantly. The coded locks allow customers to store belongings without keys, while operators remotely manage thousands of lockers, changing codes automatically between rentals without swapping keys and with minimal staff input. This use of locks to create new revenue-making products and services also changes what customers want. It alters their ‘buying equation’. In applications that focus on short-term product rental to drive revenue, customers are seeking locks that help to improve
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