Airbnb Collapse & The Lakes Region?

[WinnisquamZ]

Thoughts. I have yet to find a ABB that is less expensive then standard hotels once you factor in all costs associated with your stay.


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[Garcia]

I think AirBNB will be around in places like the Lakes Region for the long term. I also think more backlash/changes are coming with increased regulations against those who are buying property for short term rentals.

[Woodsy]

Originally Posted by WinnisquamZ

Thoughts. I have yet to find a ABB that is less expensive then standard hotels once you factor in all costs associated with your stay.

I think we are seeing an "equalization" of sorts. When AirBnB & VRBO started, the rentals were cheaper than hotels (hence the popularity). That popularity and the attractive business model brought in tons of mom & pop investors, gobbling up real estate and driving prices up. Those higher prices/costs coupled with the high interest rates put the cost to rent an AirBnB on par with that of traditional hotels & motels. This kind of leveled the playing field.

IMHO, the only time an AirBnb works out is when it is a larger family type group.

Woodsy

[Garcia]

Originally Posted by WinnisquamZ

Thoughts. I have yet to find a ABB that is less expensive then standard hotels once you factor in all costs associated with your stay.


Sent from my iPhone using Winnipesaukee Forum mobile app

I have only stayed at a handful of ABBs but have had the opposite experience in that they have always been less expensive, especially when factoring in common areas for multiple people to gather and the ability to cook. I think it depends on what one is looking to do, how many people you are raveling with, and whether you are renting a single room to sleep or a whole house/apartment