Short Term Rental Riches 89. Is Travel Back? (Airbnb After Covid)
Jul 27, 2021
Travel is making a vibrant comeback, with a surge in social media posts showcasing weddings and vacations. Insights reveal that advance booking times and nightly rates are on the rise, indicating growing confidence among travelers. The podcast delves into which properties are seeing the most demand and discusses guest communications strategies for short-term rentals. Additionally, it touches on the broader implications of this resurgence on the rental market, all while reflecting on personal travel experiences and upcoming events.
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Strong Travel Rebound
- Travel is rebounding strongly with postponed events like weddings and vacations now happening.
- Vaccination rollout boosts travel confidence, accelerating the return to normal life and travel.
Wedding Resorts Buy Airbnbs
- A friend owns wedding resorts booked for two years.
- They are buying Airbnbs near resorts to handle high accommodation demand.
Optimize Pricing for Demand
- Use pricing tools like PriceLabs or Wheelhouse to adjust rates for high-demand dates.
- Check and increase prices for big events to avoid underpricing your short-term rentals.