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Updated over 2 years ago,
Will Students Start Converting To Airbnb's for Rentals?
I have a couple Airbnb's up and running in a college market and I am starting to see college students / traveling scholars use Airbnb for their mid-term (1-6 month) housing needs. Is anyone else seeing this transition? As I plan out the remainder of my plan to 10 Airbnb units I am starting to lean towards the mid-term type of guest. I believe with the higher occupancy and lower operational needs this is a better model as compared to trying to increase prices and attract more of a traditional 1-2 night guest.
Questions
1) anyone else started to see the transition to mid-term rentals on platforms like Airbnb, VRBO, and Booking.com for college markets?
2) Is there a future where 10%-25% of the housing needs (1-6 months) are through these platforms?
3) If you have experience: what is your minimum number of nights stay, pricing strategy, and expected occupancy across your units?
Appreciate the feedback!