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It’s similar to what you see in the broader stock market - I mean we closed at all time highs today. But Q3 was likely an anomaly since they saw a lot of tailw
by xoxoy 6y ago
It’s similar to what you see in the broader stock market - I mean we closed at all time highs today.
But Q3 was likely an anomaly since they saw a lot of tailwinds from greater demand for homes in driving distance for easier summer vacations plus Covid was only concentrated in a few hot spots over the summer.
Now Covid is more widespread plus there’s naturally less leisure travel in the winter and still very little rebound in business travel.
Still, I think long term the biggest issue is not rebounding demand, which I think will happen, but regulatory issues. Lots of questions and scrutiny around their impact on local housing and rental prices and safety issues related to home rentals for parties.
- dillondoyle 6y agoPlus a home has less exposure for COVID than a hotel. I would also guess that long term bookings are up