Why More Cancun & Riviera Maya Tourists Are Choosing Resorts Over Vacation Rentals - Cancun Sun
Summary
In Cancun and Riviera Maya, a shift is occurring as tourists increasingly favor resorts over vacation rentals. This trend, highlighted in the Cancun Sun, reflects a potential change in the market dynamics. Understanding these shifts can help hosts adapt to evolving guest preferences and maintain a competitive edge.
Key Insights
- •The article suggests a trend where tourists are choosing resorts over vacation rentals in Cancun and Riviera Maya.
Action Items
- ✓Consider analyzing reviews and feedback to identify areas for improvement in your listing.Effort: lowImpact: medium
- ✓Hosts should monitor guest preferences and market trends to adapt their offerings.Effort: lowImpact: medium
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