Short-term Vacation Rental Market Set to Boom: Strategic - openPR.com
Summary
This article predicts a boom in the short-term vacation rental market. Hosts should consider this positive outlook when planning their strategies for the upcoming year, potentially focusing on expansion or increased marketing efforts.
Key Insights
- •The short-term vacation rental market is set to boom.
Action Items
- ✓Consider the positive market outlook when planning future strategies.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