Might we be looking at The Rise of the Professional Property Managers once the crisis is over? We discussed with two experienced managers about the trends and tips to come out of this even stronger.
We are all aware that this crisis has hit hard the global economy, but hardest on the travel industry. Many countries have declared the state of emergency and forced hotels and short term rentals to be completely shut down. This is obviously a big impact on the vacation rental market, but can we find a silver lining to it all?
Big names have always dominated the market, but recent events and applied policies have created certain rumbling between the vacation rental managers. We might be looking at new alliances being formed, changes in partnerships and loyalties. Some experts talk about a certain “clean-up” of the sector, of all non-professional, “improvised” listings that have been damaging the general image of our sector and that have very low chances of surviving this crisis. In the end, the professional property managers, that have a solid structure and profitable properties will manage to keep their position and not only that, but come out of it reinforced.
We discussed with two experienced property managers from Spain and France about the trends that are arising and the shifts in the market, especially with regards to the key players. There are new opportunities coming up and you need to be prepared, informed and ready to seize them. Here are some great tips and input that our guests Andy Osborne (Resort Choice) and Lucienne Giulian (Riviera Holiday Homes) have shared with us.Thank you both for dedicating your time for this exclusive discussion panel.