Best Markets for "Recession Proof" Short Term Rentals

[Jonathan Dempsey]

Amidst a recession and uncertainty looming in the market, how would you classify short term rentals resistance to economic downturns?

I have my thoughts on this, but curious what the people have to say!

Only item I'll share is local affordable getaways (ie. driving distance to mountain/lake houses for the weekend such as the Poconos) may be more resistant than extravagant destinations that require an expensive flight and demand higher nightly rates (Hawaii for example).  This is considering your average Joe through upper middle class.  Surely there is a class of people who will be lesser affected by economic downturns and continue not to bat an eye at the high end vacations as its a lifestyle they've earned and continue to afford.

Live Free,

JD

[John Underwood]

Quote from @Michael Baum:

Well @Jonathan Dempsey, nothing is recession proof. No matter what it is and how you plan, you could get hit. Frankly LTR's would be more resistant as most everyone needs a place to live.

I do agree that driving destinations are going to be better than flights. We get people from all over the USA that stay at our lake house, but the majority are from less than 1200 miles. Our current guests are from Calgary. The last ones were from Sacramento. The ones before that were from Montana.

The best thing about vacation rental SFH, in our case, is the size. We can accommodate up to 12 people easily. Right on the lake and 72 mile bike trail. Lots to do in our area. I feel we are about as recession proof as you can get. Now if the SHTF completely, then all bets are off.

 I agree with Michael. 

People will always try and save up vacation money. True vacation destinations will be less likely to be effected. Beach, Lake, Mountains etc.