Thanks to the rise of platforms like Airbnb, the market for hospitality and travel lodging has grown tremendously in recent years. More real estate investors are now looking to purchase properties specifically for short-term vacation rentals, and this shift is influencing new trends in this sector of the industry.
The experts of Forbes Real Estate Council are seeing firsthand how the lodging property market is changing. We asked them to share some of their predictions for the future of travel real estate, and how industry professionals can prepare now.
Advice from ACME’s Courtney Poulos:
While I do love a great Airbnb, there is something special about traveling around the country and staying in a proper bed and breakfast, with local, conversational hosts who contribute to a travel experience. From website to bedspread, many B&Bs look so dated online! The future of travel lodging should be a simple and clean upgrade, fiddle leaf figs and white linens, white paint and natural wood. – Courtney Poulos, ACME Real Estate