Learning Lessons from 2020 for Short-Term Rental Hosts
Summary
This article discusses lessons learned by short-term rental hosts in 2020, specifically highlighting opportunities that arose during the COVID-19 pandemic. Hosts can learn from the experiences shared, including the importance of perseverance, building a strong team, and adapting to market changes. Consider building your team and refining your business model based on the insights from experienced hosts.
Key Insights
- •The shutdown in 2020 served to weed out pretenders in the STR market, leaving opportunities for hosts who persisted.
- •STRs rebounded much stronger than hotels during 2020.
Action Items
- ✓Be bold and take action to take advantage of the opportunities coming in 2021.Effort: lowImpact: medium
- ✓Consider never renting a spot with your own management team to avoid potential issues.Effort: mediumImpact: high
Tools & Resources
- →Argest Rentals: Argest Rentals
- →Live Let Thrive Podcast: Live Let Thrive Podcast
More from Getting Started
Airbnb is incentivizing new hosts with a $750 bonus during the World Cup. This move aims to boost supply and meet the anticipated surge in demand during the event. New hosts should seize the opportunity to capitalize on the increased travel influx by listing their properties.
This article from Hotel Dive suggests that hotels may be missing early signals in vacation rental demand. While the specific details are missing, the article implies a shifting landscape in travel accommodations, potentially highlighting the need for hotels to adapt and the opportunities for short-term rental hosts to capitalize on. This could be relevant for hosts looking to understand the broader market.
Global travel momentum stalled in February 2026, with the Skift Travel Health Index flatlining. The industry, initially expecting 5% growth, now faces challenges as conflict reshapes travel patterns. Hosts should monitor regional shifts and anticipate potential impacts on demand for their properties.
Curated by Learn STR by GoStudioM