Unveiling My Gulf Shores Journey: Rising to the Top! #shorttermrentals #shorts
Summary
Bill Faeth discusses the strategic advantage of entering 'uncharted' markets where you can dominate through superior hosting and amenities without massive capital. He warns against 'dime a dozen' markets like 30A or Gatlinburg, where the cost to simply reach the median performance level can exceed $30,000 in post-close investments.
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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