32. Why Hotels Are Envious of Short-Term Rentals (COVID Impacts)

Hotels have recognized the trends in travel and know that a huge majority of the market that was once their customers have moved to short-term rentals. This is evident in the way they have been developing new hotels, but the world and our current environment has pushed them even further! COVID-19 has now forced them to be more like short-term rentals! This is leaving hotels with many unused areas (pools, banquet rooms, buffets) and also a big hole in their bank account. Tune in as Tim discusses some of the industry changes and impacts of COVID-19.   What a hotel used to be and what it is now Hotel's lost revenue from unused spaces  COVID-19 impacts  Short-term rentals are nimble Customers "forced" to short-term rentals   Here is a link to Tim's interview on The Real Estate Guys Radio.    For more info on finding the best properties get our free guide and more at www.restmethods.com   If you want to learn more about Tim's journey, email us at [email protected] for a free copy of the Amazon Best Selling book Tim co-authored: "Resilience, Turning Your Setback Into a Comeback."   Are you enjoying the podcast? Please share it, like it, and subscribe! This helps us reach others that may find the info helpful as well!