Holiday rentals – preparing for the new normal

Writer: Stuart Cohen CabinCare Property Management & Project Specialists.

At the time of writing, we are still on Level Four of South Africa’s lockdown and the future of tourism is still hanging in the balance. Like me, I am sure many of you are well and truly over all the negativity, panic and conspiracy theories we have been exposed to.

The question remains, however, what do we do to prepare for the future of the holiday rental market? We entered this era with an oversupply of Airbnbs and listed holiday accommodation, as well as a diminishing scale of tariffs over the past 18 months, since the highs of the pre-riots era. The quality of the accommodation was dropping and it had become more about the buck and less about the holiday experience for visitors.

Most hosts are now wondering what actions to take to be ready for the next wave of tourists when the new normal commences. Before getting over-zealous, there are certain facts to keep front of mind in planning the way forward:

Click below to read more. (The full article can be found on page 10)