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The short-term rental market is becoming increasingly competitive but is showing signs of stabilization after a tumultuous period post-COVID. Investors previously experienced a boom due to low interest rates and high travel demand, leading to an influx of properties that caused some markets to become saturated. This saturation has resulted in declining nightly rates and gross income for some areas, although resilient tourism-heavy markets are beginning to rebound as supply diminishes. As a result, there is optimism for new investors looking to enter the market, as opportunities exist in markets that have established tourist demand.