6 Tips for Midterm Rentals in 2024
Summary
Erin Spradlin provides a 2024 strategic roadmap for mid-term rental (MTR) success, emphasizing platform diversification beyond just Airbnb and the necessity of flexible cancellation policies to attract traveling nurses. The video highlights market shifts toward smaller units, the 'whole house' rental model for reduced friction, and data-driven headline optimization to stand out in a more competitive environment.
More from Growth & Marketing
Airbnb is offering a $750 incentive to attract new hosts to list their properties for the World Cup. This move aims to ensure sufficient accommodation for visitors during the event. This initiative highlights the importance of short-term rentals in accommodating large-scale events and provides a financial benefit for new hosts.
Marriott and Wyndham's adoption of agentic AI is putting pressure on Online Travel Agencies (OTAs), potentially cutting them out of the picture. However, analysts believe these fears are overstated because most hotels are independents. Booking Holdings saw its share price drop 30% due to these concerns. Independent hosts should keep an eye on OTA strategies to stay competitive.
Airbnb is incentivizing new hosts with a $750 bonus ahead of the upcoming World Cup, likely to boost supply during the anticipated surge in demand. This initiative aims to increase the number of available listings. New hosts can capitalize on this program to maximize early revenue.
Curated by Learn STR by GoStudioM