The State of Confidence in the Short-Term Rental Ecosystem
Key Findings
Discover where the hospitality community stands on the timing of travel recovery, the lasting impact of COVID-19 and how the pandemic has influenced the behavior of hotels, hosts and property management companies and, of course, travelers.
35% have seen a boost in Reservations
Over a third (35%) of the professional hosts & property management companies surveyed have already seen an uplift in 2021 reservation volume following the announcements of vaccine efficacy.
51.2% believe in timely Recovery
The majority of respondents (51.2%) predict 2022 to be the year of complete travel recovery.
33.5% envision a lasting Trend
Widespread remote working drew the most votes (33.5%) as the trend most likely to endure post-COVID.
83.2% think private rentals have gone Mainstream
An overwhelming majority of respondents (83.2%) feel the short-term rental industry has won over hotel-goers and that this new user base won’t be booking traditional hotel stays once COVID-19 is behind us.
65.2% expect a shift in Legislation
Well over half of respondents (65.2%) believe the demonstration of short-term rentals’ benefits during the pandemic will result in the adjusting of regulations on the short-term rental industry.
What Else is Inside?
Firsthand revenue projections for 2021 compared to that of 2020
Predictions surrounding consolidation and the future of the industry
Expectations regarding traveler habits in 2021
Strategies industry players are utilizing as they continue to navigate change
Recovery Is En Route. Time To Prepare For Its Arrival.
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