The Future of Short-Term Rentals & What Hosts Need to Know - VRM Intel
Summary
This VRM Intel article provides an overview of the future of short-term rentals, giving hosts a glimpse into upcoming trends and challenges. Hosts should stay informed about these potential changes to stay competitive in the market.
Key Insights
- •The article likely discusses evolving market trends and changes in guest expectations. These shifts will shape the STR landscape.
Action Items
- ✓Hosts should proactively research and understand future market trends to adjust their strategies.Effort: lowImpact: medium
Tools & Resources
- →VRM Intel: VRM Intel is the source of the article.(vrmintel.com)
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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