Lodgify Webinar: Adapting your short-term rental business to COVID-19 times
Summary
This Lodgify webinar discusses strategies for short-term rental owners to adapt to the COVID-19 crisis. Speakers from Alltherooms, Pricelabs, and Getpaidforyourpad share data-driven insights and actionable tips on pricing, marketing, and adjusting business models to navigate the changing travel landscape.
More from Pricing & Profitability
Geopolitical instability in the Middle East poses a potential threat to the hospitality sector, including short-term rentals. Incidents near Dubai's Fairmont hotel and Kuwait Airport could lead to a decrease in international travel. Hosts in the region should be aware of possible occupancy drops and adjust strategies accordingly.
Geopolitical events can directly impact short-term rental markets. The U.S.-Israel attacks on Iran led to over 1,800 flight cancellations in the Middle East, potentially affecting tourism and travel to the region. This situation could affect occupancy and booking rates in areas hosting U.S. military bases. Review your cancellation policies and monitor local conditions.
North Texas homeowners are poised to capitalize on surging Airbnb demand during the World Cup. This presents opportunities for profit but also highlights the need for hosts to understand market dynamics and optimize their listings. Hosts should research peak season strategies to maximize revenue during this event.
Curated by Learn STR by GoStudioM