The Big Break Show #62 Revisiting the Value of Hospitality During This Airbnb Bubble
In this episode, we discussed the current state of the hospitality industry in the recessionary period, our thoughts on "Airbnbust" and "Airbnb bubble," and the strategies needed to transition during down markets. We briefly talked about the increasing popularity of short-term rentals (STR) in the post-pandemic season and how it affected demand, as well as the current rise of the midterm rental (MTR) and how it can strategically pivot other hosts.
What was focused on was talking about the importance of having reserves, the significance of hospitality and brand identity, and standing out among the competition in order to provide value to guests and their experience. We also talked about the power of genuine welcomes, consistency in your service, and providing value to guests rather than just looking at the revenue. This is a very timely conversation, so I hope you can join us in this discussion as we share our personal insights for those in the hospitality industry looking to improve their operations and stand out in a crowded and saturated Airbnb market. As always, grab your notes, take a listen, and take action!
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