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Updated almost 6 years ago, 03/22/2019
Vacation Rental Slow Down? What Gives?!
I imagine this topic has been discussed multiple times on this forum... so, what is one more?
My wife and I have an AirBnb we host out of our house. It is a completely separate 2 br/ 1 ba apartment in a very touristy area (if anyone knows Asheville then you get it). Anyways, we had a lot of very consistent bookings for the first few months and have great reviews (17 five stars, and achieved SuperHost Status). We also got professional photographs etc. Lately it feels like there's been a big slow down. We use BeyondPricing to help adjust rates.
According to the data out there it seems like maybe its just a combo of the down season and also a glut in the market (around the holidays there was a 50% vacancy rate). We have not expanded beyond AirBnb to VRBO or other vacation sites yet.
Any advice would be greatly appreciated. I would love to know what other people in similar situations have done!