This is The Best Business to Start in 2023
Summary
According to the speaker, service accommodation, or Airbnb, is a great business to start in 2023 due to the cost of living crisis, which keeps people from taking expensive international vacations, so they instead stay local, which can increase revenue for an Airbnb host. The speaker mentioned a host could earn around 30,000-40,000 pounds from a two-bedroom apartment.
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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