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Updated about 4 years ago on . Most recent reply

Tri Le's profile image
Tri Le's profile image
Tri Le
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Jan 1, 2019
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Tri Le's profile image
Tri Le's profile image
Tri Le
  • Rental Property Investor
  • from Cincinnati, OH
  • Member since Jan 1, 2019
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Tri Le
  • Rental Property Investor
  • Cincinnati, OH
46
Votes |
37
Posts
General Real Estate Investing

Coronavirus in Gatlinburg/Pigeon Forge

Tri Le
  • Rental Property Investor
  • Cincinnati, OH
Posted

Hi BP,

I am about to close on a cabin in Gatlinburg.  How are the nightly/short-term rental bookings.  Has there been a drastic decline in bookings and increase rate of cancellations?

Just want to get a pulse for the market right now in the setting of this COVID-19 pandemic.


Thank you!

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    Jay Fradd's profile image
    Jay Fradd's profile image
    Jay Fradd
    • Real Estate Agent
    • from Gatlinburg, TN
    • Member since Mar 2, 2015
    • Posts 63
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    Jay Fradd's profile image
    Jay Fradd's profile image
    Jay Fradd
    • Real Estate Agent
    • from Gatlinburg, TN
    • Member since Mar 2, 2015
    • Posts 63
    • Votes 69
    • Experience 17 Yrs
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    Jay Fradd
    • Real Estate Agent
    • Gatlinburg, TN
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    Jay Fradd
    • Real Estate Agent
    • Gatlinburg, TN
    Replied

    Yes, there has been a drastic decline in reservations and a large number of cancellations. Especially weighted toward the large cabins, but the smaller cabins also have had substantial decreases in income for March/April.

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