As short-term vacation rentals reopen worldwide following strict lockdown orders, 95% of hosts are making significant service changes to cater to guests.
According to new research conducted by ATLIST Travel, 65% of surveyed vacation rental hosts have confirmed bookings for July and August. The study, conducted in May, included hosts in the United States as well as in popular international destinations such as Mexico, Bali, and Australia.
Despite an increase in summer staycations, nearly half of participants said they feel it won’t be until spring/summer 2021 before occupancy rates return to previous levels.
To beat the slump, hosts are exploring innovative ways to ease guests and maximize earnings. Using the collected data, we’ve compiled the top insights on how vacation rental owners and managers are adjusting their strategy for the post-pandemic economy.