Quote from @John Carbone:
Quote from @Kristofer Kretsch:
I'm not in STR's for full disclosure. I do LTR's but have been considering MTR's in my area due to regulations banning STR's. The question I keep wondering is whether STR's will be cyclical like the hotel industry. CNBC did a piece a few years back now (but it can probably be found on YouTube), about how most major hotel chains (Marriot, Hilton, IHG) are basically just booking platforms (they own very few physical real estate assets). Implying that the main difference between them and AirBnB, VRBO, and STR platforms is type of building and the ownership (individual investors rather than large commercial real estate investors). Don't get me wrong, I'm not anti-STR, but am just wondering if STR's are cyclical. I think if we do go through the "Air BnBust" as it's called on social media, it's probably just a normal downturn, not a bust. It will be like normal business cycle, and as other's have mentioned, locally dependent.
I'm curious to know which markets are UP YOY on STR with a large data set, not just a random lake house.
AirDnA has excellent data on this. The norm seems to be that most collective markets are trending up quite well, but are just overrun with supply, so individual STRs are making less on average due to the low barrier to entry in these markets + airbnb arb influencers promoting the hell out of it.
