Pullback Vacation Rental bookings if we enter recession?

[Ross Gallo]

Hey BP community!

I’m about to start building a vacation rental in the dessert near Joshua Tree. I’m starting to feel that by the time it’s built we could be in a rescission (if we’re not already). What will this look like in terms of people spending on weekend get-aways? Do you think it will be similar to the height of the pandemic when people traveled to drive-to destinations over any international travel? The concern is if people need to save, will vacation travel take a back seat?

Does anyone with long term experience in vacation rentals have some insight to offer?

Thank you in advance for your help!!

Best,

Ross