[ad_1]
The trend is more prevalent among young couples who prefer studios and 1BHK apartments
document
According to industry experts, the popularity of short-term rentals is rapidly increasing, especially due to post-pandemic travel preferences.
“The past two years have seen a rapid uptick in short-term rentals and accommodation (among tourists), with companies offering flexible hours and a work-from-home model,” said Raquel Lopez, vice president of sales and marketing at GCC at Barceló Hotels Group. “Some travellers, who are mainly extended families or groups of friends, prefer short-term rentals in serviced apartments, where they can enjoy the convenience of a well-appointed home.”
For others, the reason for opting for short-term rentals is money, according to Unique Properties partner Behnam Eghtedari. “If a large family is travelling, including wives, parents, children and babysitters, hotels are not very viable. If they rent short-term rentals, they can accommodate everyone at a considerable discount. Also, they can shop at home as much as possible. and cooking. That means more savings.”
Short-term rentals are when guests stay in a family unit or serviced apartment for less than 30 days, whether they are for business, leisure, or both.
trend
According to Behnam Eghtedari, most people who prefer short-term rentals in the UAE are from European countries or Russia. The security offered by Emirates also contributes to its popularity with tourists.
“In an unstable country, people will choose to stay in well-known hotels or resorts to avoid any kind of danger or scam,” he said. “In a safe place like Dubai, people are free to choose the type of property they want.”
Raquel Lopez
According to Raquel Lopez, a visitor’s nationality and preferences depend on a variety of factors. “The dynamics vary by season,” she said. “We have a very strong footprint in the European market. This is reflected in short-term rentals. During the summer, the regional market is very active, including UAE and Omani residents.”
Benan Egudari
The trend for short-term rentals is more prevalent among young couples than families. “That’s why studios and 1BHK apartments are in the highest demand,” Behnam Eghtedari said.
These guests also prefer value-added options. “Couples and FITs choose other add-ons,” says Raquel Lopez. “Of course, it depends on the length of stay and the profile of the guests. However, we have noticed that families who live with us on a long-term basis prefer the ‘live only’ option.
owner
As this trend looks set to continue, more and more landlords are converting their properties to short-term rentals rather than renting out to tenants.
“Short-term rentals have become a very lucrative business, especially in tourist destinations such as Downtown Dubai, Palm Jumeirah and Dubai Marina,” Behnam Eghtedari said. “The rental company takes care of everything involved.”
Also read:
However, he warns that this will not be a piece of cake for owners. “These properties have to compete with the luxury and amenities that 4 or 5 star hotels and resorts offer,” he said.
“So owners have to plan their services carefully. Some guests want a variety of different amenities. Just like some people may want to rent a car, go on a boat tour or take a limousine ride. Owners need to work with a variety of suppliers to provide options in order to They were able to maintain good reviews.”
[ad_2]
Source link