Soccer May Bring 750,000 to Washington Next Year. Is Your Short-Term Rental Program Ready? - MRSC
Summary
A large influx of visitors (750,000) is expected in Washington next year due to a soccer event. Hosts should consider how this will impact their occupancy and pricing strategies. This could significantly impact revenue potential if hosts are prepared.
Key Insights
- •Soccer events may bring 750,000 visitors to Washington next year.
Action Items
- ✓Consider adjusting pricing strategies to capitalize on the influx of visitors.Effort: mediumImpact: medium
- ✓Review and update occupancy projections for the next year.Effort: lowImpact: medium
- ✓Conduct market research to understand the potential impact of the event on ADR.Effort: mediumImpact: medium
Related News
KB Home bets on built-to-order strategy amid a spec-heavy market
KB Home is shifting its focus to a built-to-order (BTO) strategy, aiming for higher margins in a challenging market. Hosts should pay attention to this trend as it may impact competition and pricing in their local markets, especially if private builders react to the changes.
![An Overview of Dynamic Pricing for Hosts [+5 Tools Included]](/_next/image?url=https%3A%2F%2Fwww.igms.com%2Fcontent%2Fimages%2Fwordpress%2F2022%2F10%2FDepositphotos_dynamic_pricing.jpg&w=3840&q=75)
An Overview of Dynamic Pricing for Hosts [+5 Tools Included]
This article discusses dynamic pricing for short-term rentals, explaining how it works to optimize revenue and occupancy by adjusting rates based on market conditions. Hosts should consider implementing dynamic pricing, using tools that automatically adjust rates, to stay competitive and maximize profits.
United Real Estate CEO Dan Duffy on the roadmap for competitive advantage
This article highlights the importance of data and AI in gaining a competitive edge in the 2026 housing market, emphasizing that hosts who prioritize data-driven decisions and adapt to market changes will thrive. Hosts should focus on leveraging data and AI to make informed decisions about their STR business to capture market share.
Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress
Foreclosure starts are down nationally, but certain counties are seeing a rise in early-stage filings, which can indicate future pre-foreclosure opportunities. Hosts in Florida, California, Ohio, North Carolina, and Texas should monitor county-level data to anticipate potential distressed property sales and consider how this might affect their local markets.