Work Remotely from a Cave Home on a Volcano (Ep548)
Summary
This podcast episode features two short-term rental hosts from Spain discussing their experiences in the industry, including how they adapted to the post-COVID digital nomad trend and their insights on long-term profitability. They share lessons learned and predictions for the future of the STR industry, emphasizing the importance of education and providing quality content for the Spanish-speaking audience.
Key Insights
- •The hosts adapted to serve post-COVID digital nomads.
- •The episode highlights the lack of quality content in Spanish for the short-term rental space.
Action Items
- ✓Consider investing in yourself to grow your business, as the hosts did.Effort: mediumImpact: medium
Tools & Resources
- →Get Paid for Your Pad: The episode references Get Paid for Your Pad.
- →Legends X: The episode references Legends X.
Common Mistakes
- ⚠Focusing solely on short-term profits without considering long-term profitability can be a mistake.
More from Getting Started
This article from GreekReporter.com reports that Greece is climbing the European short-term rental rankings. While specific details on the rise are not provided in this short article, this suggests a growing opportunity for hosts. It implies increased demand in the Greek market, which presents a dynamic opportunity for STR investors.
Ennismore plans to expand its hotel presence in India, with its first hotel under the Morgans Originals brand, Roswyn, already soft-opened in Mumbai. Following the Mumbai debut, the company plans to open a Hoxton hotel in Bengaluru and is actively exploring further expansion opportunities, recognizing the market's readiness for a luxury lifestyle product.
The short-term rental market's growth is slowing, according to eKathimerini.com. This shift may affect occupancy rates and revenue for hosts. Understanding market trends is crucial for adapting pricing and marketing strategies, ensuring continued profitability.
Curated by Learn STR by GoStudioM