10/30/2023 0 Comments Airdna reportRising inflation often means rent hikes from property owners as their expenses for maintaining their property become larger. This analysis also looks at what travel could look like in 2023 and cited predictions on what inflation may look like for Americans in the next few months. With the aid of industry experts, news coverage, and government databases, including sources from the Bureau of Labor Statistics, AirDNA, and Forbes, Bounce explored the ways inflation has affected short-term vacation rentals in the United States. Inflation Calculator reported a staggering jump to highs of 7% in 20. In 2020, inflation was at 1.4%, but the U.S. As countries have reopened and traveling becomes more widespread again, the rising cost of travel and day-to-day life has pinched budgets across the world. The early COVID-19 pandemic halted traveling worldwide for most, with many international borders closing in the first year of the global health crisis. While demand has not decreased for short-term rentals, the hospitality industry has changed, and travelers are taking note. With filters for price points, privacy, and choice amenities, finding anything from a beachside apartment to a treehouse in the forest was a breeze for travel enthusiasts. In years past, booking a short-term rental for vacation was a fun, cost-effective way to experience a new destination.
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