Which short term rental market to invest in 2024
Summary
Lydia Patel shares her process for choosing a short-term rental market to invest in, emphasizing the importance of brainstorming based on personal preferences, checking local regulations, and conducting brief market reviews to find feasible options before diving deeper into analysis. She recommends considering National Parks, travel destinations and those with existing vacation rentals, and advises smaller hosts to begin with free resources like AirDNA's free tier before committing to paid subscriptions.
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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