Here Are My 2023 Mid-Term Rental Predictions 🔍 #shorts
Summary
The presenter predicts a surge in mid-term rentals (MTRs) in 2023 due to regulations impacting short-term rentals (STRs), and encourages hosts to diversify their portfolios. To stand out in this competitive MTR market, he suggests designing properties well, having amenities suited for business travelers, and building business-to-business relationships with agencies.
More from Growth & Marketing
Casago is launching new, locally-led vacation rental services in McCall and Boise. These services aim to provide a more tailored experience for both hosts and guests. While specific details aren't provided, the focus on local expertise suggests opportunities for hosts in these areas.
Airbnb's investment in Mexico signals a commitment to growth and expansion in the region, alongside an increase in its Global Community Fund. This financial injection aims to boost the STR market, offering potential opportunities for hosts. The expansion of the Community Fund likely means more resources for local initiatives.
SiteMinder is enabling hotels to be more visible when travelers use AI-powered booking tools. The platform is connecting live hotel rates directly to AI platforms like ChatGPT and Claude through its partnership with DirectBooker, improving distribution. This development could reshape how travelers book accommodations by giving AI a more prominent role.
Curated by Learn STR by GoStudioM