Number of companies managing vacation rentals grows to more than 140,000 - PhocusWire
Summary
The number of companies managing vacation rentals has grown to over 140,000. This indicates a growing market for short-term rental management services. Hosts should consider whether using a management company might benefit them.
Key Insights
- •The number of companies managing vacation rentals has grown to more than 140,000.
Action Items
- ✓Consider whether using a management company might benefit them.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.
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