2 Ways You can do Luxury Hosting in ANY Economic Condition

When looking at investing in vacation rentals, there are many options for purchasing real estate on the luxury end  However, in uncertain economic conditions, these are generally the first to fail. 

Here are 2 ways how to go about entering the luxury hosting space without having to suffer low occupancy in uncertain times. 

If you used to consider luxury as the ultimate getaway for a couple willing to spend a couple of grand a night on a honeymoon vacation, think again. There are ways to put the same money to work and get the same ROI if you consider attracting other types of guests.

1. Large groups and masterminds. If you have a home that is 3 bedrooms at $2,000/night then this of course won't be the right fit. However, think of a large home that has 10 bedrooms at $2,000 a night. 10 people shelling out $200 a night or a mastermind group that shelled out a couple of thousand dollars for a business conference, is very doable in an underperforming economy. 

2. Think of having a large mansion that can host a small wedding party. I get many bookings at my Arizona Airbnb for a family that is coming in for a wedding. They would gladly pay to stay at one location and be with their extended family if they only had the space. Consider this mansion for example. 

https://www.zillow.com/homedet...

This place looks magical and actions. Great for immediate family and events at this space. This can probably be rented out for $900/night and serve as a low-key wedding location.

If you have any other ideas on how to host luxury in any market, please comment below!