How urban short-term rental managers are surviving COVID
Whilst rural vacation rentals are booming, the outlook remains uncertain for urban short-term rental managers. A recent article in The Daily Telegraph highlights the challenge faced by operators. It contrasts two case studies of a professional host in Edinburgh, and another in London. When COVID-19 hits, the London operator (who manages a portfolio of 22 properties) resolves to place all unoccupied properties on the long-term rental market immediately. Her revenue has fallen by 40% in total. In contrast, the Edinburgh operator chose not to do this. His revenues will likely fall by a total of 80% in 2020.
Sep 15, 2020