Jun 14, 2022
Compared to the hotel industry, the
short-term rental industry is still just a small share of the pie.
Although it is growing! And not just growing but
merging
with the hotel industry. The hotel
industry is taking note of the STR industry and vice versa.
But
at the end of the day, the hotel industry is still a giant and the
travel industry’s leader. Some hotel chains have tens of thousands
of rooms and so they have access to incredible data. Data on the
return of work travel, data on the average length of stay and
average price, and perhaps most interestingly, data on the future
outlook of the travel industry as a whole!
This
week I want to share some insights I learned from a conference I
recently attended with some of the biggest players in the industry.
I think you will find what they had to say to be quite exciting :)
A quick review on:
- The great “merger”
- Is business travel returning?
- What areas are most ripe for investment?
- Industry expert’s opinion on a potential “recession”
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P.S. I'm excited to share that we've just locked in our dates for our next live event in Memphis! It takes place August 19-21 (Friday-Sunday). So if you're interested in learning the ins-and-outs to successfully acquiring your first STR or the tools you'll need to scale your STR empire to the moon, come join us! More info here
P.P.S. Did you know that we just launched a mastermind group where we can talk directly? Find out more info here