Short Term Rental Industry Trends In 2019
Vocational rental industry is growing fast from the last few years. The short term rental industries are not going to slow down even in 2019. New trends in technology have changed the way of rental business, and the way host perceives bookings.
It is likely to be possible that the vacation rental properties will topple hotels in the next few years. Therefore, it is crucial for every host to know the latest trends and technology in the short term rental property to stay at the top of the business.
Are you curious about what the vacation industry trends that are going to hit in 2019?
Here is the list of some short term rental trends in 2019 that you can follow to grow your rental business online.
Services Along With Accommodation
Initially, the vacation rental industry provides only accommodation for customers, but the trend has been changed. Now, the host will provide many necessary services to their guests along with housing.
Following are the types of services that the vacation rental industry would offer to customers.
- Grocery pre-arrival
- Airport transport
- Personal chef
- Spa/massages and many more.
This step of Airbnb will create a one-stop shop for travelers who are looking for amazing experiences while searching for accommodations.
By providing additional services to guests, hosts offer the same experience as that of staying with a hotel. These services upgrade the ranking of the host.
Data Management Software
As the demand for short term rental property increases the hosts manages multiple properties to earn more. But, handling more than one property all the year is not an easy task. Therefore there are management tools that help owners to manage booking schedules without much effort.
Now, hosts are using tools to manage routine tasks like communication with guests, scheduling bookings and more. But in 2019, the new software will automatically save the big data in seconds, and the owners can handle multiple rental properties with ease.
Basic Features Free Forever
Co-Living Concept
The short term rental industry plans to start or build co-living space with a backyard. Buy sharing an apartment the guests can save money. This modern form of housing gives tremendous experience to travelers.
Co-living is helpful for all those who are seeking a flexible, cost-effective living space with a sense of services.
The growing co-living trend is beneficial in many ways not only for travelers but for owners of property too. Their revenue will increase, and they will get more money from a single property.
So, keep a close eye on the new emerging trends in short term rental industry to beat the hosting competition in your area.
Photo by Kyle Glenn on Unsplash