The COVID-19 pandemic has disrupted travel globally, causing a drastic decrease in demand along with sweeping short-term rental bans.
Times are tough right now, there’s no doubt about it. And as the COVID-19 pandemic prolongs, it only seems to be getting worse for property managers.
COVID-19 has sent the hospitality industry into a state of flux. With flights grounded, bookings cancelled and employees laid off, travel is on pause.
Since the outbreak of COVID-19, travel restrictions have devastated the hospitality industry. With flights grounded, bookings cancelled and short-term rentals banned, hospitality providers are struggling to find their footing.
There’s no sugarcoating it—times are tough for the short-term rental industry. With the coronavirus pandemic wiping out travel, revenues are at all-time lows.
While the coronavirus pandemic has convinced many hotels and short-term rentals to close their doors, there are a few choosing to stay open. Those still operating have been forced to capitalize on every opportunity.
COVID-19, or the coronavirus, has officially reached pandemic status. Over 100 countries have been affected, many of them declaring a state of emergency, closing businesses and shutting borders.