With one in every three bedrooms available for rent considered an alternative accommodation or short-term rental, this market has rapidly encroached on the hotel industry. You likely feel that you have little insight into how these rentals are performing in your market and, in turn, are affecting your performance. And you may not realize that the market has recently seen a shift from the vacation homes you may associate with short-term rentals towards more urban apartments and villas run by professional managers. It’s no longer enough to only consider similar regional hotels in your comp set. You need insight into all of your competition to ensure you’re making the most informed decisions.
In this webinar, you’ll learn how to:
o Analyze the alternative accommodations competition
o Optimize your occupancy and rates to compete with alternative accommodations
o Determine Key Values for Hotels
Presented by Justin Manikas, TravelClick, an Amadeus company
Hosted by TravelClick, an Amadeus company and the Caribbean Hotel and Tourism Association (CHTA)