Insight
The article suggests that those who hang onto supply will see big returns again.
How to Pivot to a New STR Business Model
Summary
This article discusses the need to pivot STR business models in the wake of the COVID-19 pandemic. It suggests that hosts consider shifting away from master lease models and toward owner-operator paradigms, focusing on building a strong brand and adopting a slower, more sustainable growth strategy. Hosts should reflect on their strategies to adapt to the changing market landscape.
Key takeaway