The Pros and Cons of Different Furnished Rental Models
Summary
Experts James Carlson and Erin Spradlin debate the advantages of short-term rentals (STR) versus mid-term rentals (MTR). While STRs typically yield higher gross revenue and offer more personal use flexibility, MTRs significantly reduce operational workload, bypass aggressive local regulations, and provide more stability during off-peak seasons.
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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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