Everything you need to know about short-term rentals
- December 2021
- Phocuswright Research
In the dark days of Covid, short-term rentals burst forth as a golden child of travel sectors. With promises of safe, private accommodations and comforts of home, they reached new heights in bookings and ADRs. But as the lodging marketplace moves towards a new equilibrium, will hotels take back the market share they lost during COVID?
New Phocuswright research explores how travelers view the strengths and weaknesses of hotels and short-term rentals, how they decide where to stay, and how providers across lodging categories can better cater to consumer demand.
Madeline List, research analyst, Phocuswright, presented the findings of this new research at The Phocuswright Conference earlier this month.
For more research on the short-term rental market, hotels, distribution and the overall lodging market, subscribe to Phocuswright Open Access. This subscription unlocks the entire Phocuswright research library (plus the data visualization tool Phocal Point) for you and your entire company. See the benefits here.