Investors shy away from short-term rentals - Times News Group
Summary
This article indicates a shift in investor sentiment, with investors becoming less interested in short-term rentals. Hosts should stay informed about market trends and assess the potential impact on their properties and investment strategies.
Key Insights
- •Investors are showing less interest in short-term rentals.
Action Items
- ✓Consider analyzing market trends and adjusting pricing strategies, and revenue management strategies to stay competitive.Effort: mediumImpact: medium
- ✓Hosts should monitor occupancy rates and average daily rates (ADR) to assess the financial health of their properties.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to adapt pricing strategies based on current market trends could lead to decreased occupancy and profitability.
More from Pricing & Profitability
This article discusses Kansas City's high occupancy rates compared to other World Cup host cities, raising questions about the effectiveness of efforts to increase short-term rental availability. It implicitly touches on market trends and the impact of major events on the STR market. The article likely explores whether increased rental supply can meet demand while analyzing the city's approach to STRs.
Realtor.com's report on best mountain towns for Airbnb returns reveals key locations for STR investment. The analysis likely includes data on occupancy rates, ADR, and RevPAR to identify profitable markets. Understanding these trends helps hosts optimize pricing strategies and choose lucrative destinations.
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Curated by Learn STR by GoStudioM