Vacancy rates

[Jason2175]

New host, first impression is that vacancy rates are quite high. Is this the norm?

[Helen3]

Quite high compared to what @Jason2175 

Did you do any market research into supply and demand before setting up your STR business ? 

[Mike-And-Jane0]

@Jason2175 with a lot of new short term rentals and a looming recession it is perhaps not surprising that vacancy rates are quite high. As a new host you will have to work harder and price lower to attract guests until you get sufficient numbers of reviews. Also it may be too late for the Summer as people with flights etc have already booked. Inevitably some hosts will not survive especially those trying to make money through arbitrage.