For More Vacationers, It's Homes Over Hotels During Pandemic

The video discusses the impact of the COVID-19 pandemic on short term rentals, highlighting increased demand in rural areas and decreased demand in urban centers. It explores traveler preferences for more control and privacy, challenges faced by rental managers, and the shift in guest expectations regarding cleanliness. The video concludes with a positive outlook for short term rentals in 2021, as they are expected to become the primary lodging choice for vacationers.

What was one reason for the increase in short-term rental bookings from July to December 2020?

• Short-term rentals were cheaper than hotels.

• People wanted to stay in hotels.

• Travel restrictions were lifted completely.

• People needed to get away from their homes.

Why did Christina Zima see a decrease in her rental income during the pandemic?

• She had to close all her properties.

• There was a shift from business travelers to long-term renters.

• Her properties were located in rural areas.

• She increased the rental prices significantly.

How did the pandemic affect the demand for rentals in big cities?

• Demand shifted to luxury rentals.

• Demand dropped, especially in cities with high COVID-19 cases.

• Demand remained the same.

• Demand increased significantly.

What is one issue that property managers faced with guest expectations during the pandemic?

• Guests demanded free meals.

• Guests expected free transportation.

• Guests wanted the house to be empty for three days before arrival.

• Guests wanted to extend their stay without extra charges.

What is the expected trend for short-term rentals in 2021 according to industry analysts?

• They will only be popular in urban areas.

• They will see a decrease in bookings.

• They will become the primary lodging choice for vacationers.

• They will become less popular than hotels.