Starting an Airbnb in area where hotels are going up

[Kevin Allen]

Hello, I’ve been looking at starting an Airbnb type rental. I currently have long term rentals. The sites that I have been looking at is an area where tourism has been on the rise. They have limited hotels, however I know that there are two more hotels that will be building in the area. I have viewed this from two different angles. The first is that I’m sure the hotel chains have done studies and feel there is a need for short term rentals in the area. The second would be the opposite. That the hotels will hurt the Airbnb’s in the area. This is a small town. Most people are probably looking to spend a couple days here versus a whole week I would think. I’ve viewed other Airbnb’s schedules in the area and they seem to confirm that. Any input is greatly appreciated.