Renewal in Travel
2020 was a weird year for everyone. Travel and tourism ground to a halt in an effort to stop the spread of the Covid-19 virus. However, it looks like the long awaited reopening of travel and tourism is near. Vaccination rates in the United States are nearing the CDC’s threshold for acceptability as mask mandates and travel restrictions are relaxed.
Americans are not waiting to use these relaxed restrictions. The number of vacation and Airbnb rentals booked in Florida during the week of May 10th was 40% higher than the same week in 2019, according to Transparent. Beach and nature vacations were popular in 2020. However in 2021, city vacations could see a comeback as well. New York City is relaxing restrictions on May 19th and is planning to fully reopen on July 1st.
Airbnb conducted a promising study in January of 2021, before vaccines had even been rolled out to the general public. The study found that 54% of Americans either already had travel plans booked or were planning to travel in 2021. Americans are not just ready to travel. They’re ready to travel in groups. Rather than staying in hotels, these groups prefer home experiences such as those offered by Airbnb.
To gear up for this new surge in travel, Airbnb is looking for more hosts to join the platform. In an interview with CNBC, CEO Brian Chesky said, “To meet the demand over the coming years, we’re going to need millions more hosts.” To fill this need, Airbnb has started an advertising campaign aimed at recruiting hosts rather than guests to meet demand.
Companies like Uber have also seen shortages on the supply side recently. Uber has offered incentives in an effort to recruit more people. Airbnb is unlikely to try this same strategy. Instead, they’re hoping the high returns of short-term rentals will entice more hosts to get involved with real estate opportunities. However, 70% of Airbnb’s hosts are mom and pop. Most lack the ability to quickly scale up with more investment properties.
Increased demand and short supply is music to any savvy real estate investor’s ears. With the resurgence in travel and the lack of hosts, there has never been a better time to get involved with investing in short-term rental properties like Airbnb rentals. Visit ReAlpha.com to learn more about ways to invest in real estate.
Short-term Rental Investments: Making the Most of Your Money
Author: Jorge Aldecoa, President, reAlpha Homes The short-term rental market is booming, and it shows no signs of slowing down. With the rise of platforms like Airbnb, more and more people are looking for ways to cash in on this growing trend. If you’re thinking about investing in a short-term rental property, there are a… Continue reading Short-term Rental Investments: Making the Most of Your Money
How Critical are Airbnb Reviews for Short-Term Rental Success? reAlpha Explains.
Airbnb reviews are more than a few stars on a rental listing. In fact, they have the power to make or break a real estate investment. While the connection between an Airbnb review and the overall success of your property investment portfolio might not be clear, we assure you that they’re closely linked. If you’re… Continue reading How Critical are Airbnb Reviews for Short-Term Rental Success? reAlpha Explains.
The Advantages of Multi-Unit Properties Versus Single Family Homes for Short Term Vacation Rentals
Author: Jorge Aldecoa, President, reAlpha Homes When it comes to vacation rental properties, there are a few different routes you could go. You could buy a single-family home, or you could buy a multi-unit property. What is a multi-unit property? The most common examples include duplexes (2 units attached), triplexes (3 units attached), and quadplexes… Continue reading The Advantages of Multi-Unit Properties Versus Single Family Homes for Short Term Vacation Rentals
Blackstone is raising $50B to buy the dip, but what about everyday investors?
FOMO is powerful, we get it. The allure of trendy investment portfolios filled with celebrity-endorsed SPACs and crypto is exciting and has the potential to be rewarding. However, as evidenced by the past few months, these investments can also be very unstable — and when you wake up to see that your best positions have… Continue reading Blackstone is raising $50B to buy the dip, but what about everyday investors?
Are DAOs About to Change Real Estate Crowdfunding?
Recently, DAOs have been the hot topic, integral to the functioning of web3 and the metaverse. Will they soon be just as foundational to the future of real estate investing?
How Short-Term Rentals Changed the Hospitality Industry—for Good
Sometimes great successes happen by accident. Far less often—but far more intriguing—happy accidents in the business world actually change the way we live our lives.
Long Flights: How to Stay Entertained
While traveling is exciting, long plane rides are arguably the least thrilling part of the journey—making it necessary to think outside the box on ways to stay busy.
The Issue with Buying Rental Properties
Over the past several years, rental properties have taken the real estate market by storm. Instead of booking hotels, people are now gravitating towards renting rooms, apartments, and even entire houses for days, weeks, or months at a time.
“Who” Questions: Good Questions to Ask
Whether you’re running a software company or a furniture company, we all tend to believe what or how dominates the decision-making process. But eventually, we always arrive at who made a choice or decision.