determine market demand

[Mike3112]

How can I assess whether there is a steady demand for short-term rentals of two-bedroom apartments in Kitchener? I'm attempting to determine if there is a market for full two-bedroom apartments in this area.

[Helen3 · Accepted solution]

You need to do your market research . Try Airdna. Contact your local tourist board to see if they have market research reports on footfall that  you can buy etc.

check pricing on STR platforms to see what your competitors are charging to see if it's likely to be profitable @Mike3112 

[Fred13]

Like Helen suggested, first look around you (existing Airbnb STRs, especially their availability & prices) to see first hand what is presently happening.