What do you think the trend of STR(short-term rental) after virus

What do you think the trend of STR(short-term rental) after virus

The short-term rental has been influenced by its competitors (hotel industry) and macro-environment(local policy,community culture etc.)

So what you think the trend of STR will be in the next 2 years

2 Replies 2
Cormac0
Level 10
Kraków, Poland

@任飞0 

 

I'd say a great number of Host will abandon STR for good as they seen their income devastated and they also realise they spend far too much on the fixtures and fitting for any reasonable return in the long term rental market.

 

Here in Krakow, I seen five Star accommodation being offered at ridiculously low prices on the long term rental market and these Host won't be familiar with long term renters wear and tear.

 

There no way a long term rental get the level of cleaning and minor repairs a five star Airbnb apartment gets over the course of a year.

 

Airbnb prices are ridiculously low or at least the share of it the hosts gets and prices will have to go up.

Susan17
Level 10
Dublin, Ireland

@任飞0 @Cormac0

 

1. Guests will be much more wary of staying in shared home environments for at least a year, if not longer, but that market will recover, and thrive - just a little more slowly. 

 

2. Vast swathes of entire home rentals will be returned to local long-term rental stocks as mega-hosts and rogue "Pro's" go to the wall, and regular hosts - shell-shocked and reeling from recent events - decide it's just not worth it anymore, greatly relieving the chronic housing shortages in many cities worldwide.

 

3. Airbnb will crash and burn within 6-12 months, following crippling financial issues and  a tsunami of negative publicity and shocking revelations that will cause irreparable and irrevocable reputational damage, permanently destroying public trust, faith and confidence in the company. 

 

4. Smaller, more ethical STR platforms will emerge from the wreckage, having finally been able to gain a foothold in the market that Airbnb's abuse of dominant position has had a stranglehold over for far too long. 

 

5. The Direct Booking movement will continue to rise and flourish, allowing hosts to take back their power, and giving them much more autonomy and control over their own homes and their own businesses.

 

Brighter days ahead.