The single biggest trend driving growth in the “alternative accommodation” sector over the past year or two has been the growth of professional management in urban short-term rentals.
The Vacation Rental Management Association (VRMA), an international trade association representing professional property managers of traditional short-term vacation rentals, released the following statement in response to Idaho Governor Butch Otter’s signing of House Bill 216.
“I don’t really need younger employees; I want experienced professionals” “I can’t find the right person for this position.” “I just don’t understand what motivates my employees anymore.” Do these complaints sound similar to what you’ve faced in your vacation rental business?
For several years now I have written a quarterly trends article looking at what has happened over the prior three months in the vacation rental industry and sussing out the implications for those involved in the space.