In this report, we have tried to highlight the progress the vacation rental industry is making post-pandemic compared to 2020, to give you a global perspective of the market and help you make better decisions.
Vacation Rental Data for Revenue Management Team
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Best Cities to Start Airbnb Rental Arbitrage Business The pandemic has hit short-term rental businesses all over the world, but it’s not the case in
Pricing Short-term rentals correctly for this upcoming (2021) Summer became a challenging thing as the supply-demand of rentals in your market has never been like
New York City is one of the country’s biggest short-term rental markets, in fact NYC is in the top 10 important markets for Airbnb with more than 50,000 listings. According to Airbnb data provider Airbtics, a studio apartment in Brooklyn generates up to $30,000 USD / year. But if you are looking to start a STR in NYC you have to know that the State of New York counts with tough restriction and regulation laws on short-term rentals and similar.
This article is written for experienced vacation rental managers who have an understanding of their rental market and its pricing.
As you can see in the above charts, the percentage of domestic travellers has been increasing. However, I don’t see any further evidence that this isn’t a temporary increase. If you look at China, their international traveller ratio has been bounced back to the pre-Covid19 level.
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