Families building a home in a new city who need a place to stay in between the sale of their original home and the completion of their next one.Business travelers who are away for extended business functions and don’t want to spend weeks in a hotel.Guests who are looking for mid-term stays usually are not on vacation.
You will have to consider things like consistent usage of water and electricity for guests staying in your home for a month or more, and factor this into your pricing strategy. For example, you can offer mid-stay cleans, modify your security deposit policy, and change some things in the wording of your contract to better serve guests staying longer periods. There may be aspects of your short-term rental agreement that need to be adapted to accommodate mid-term travelers. Families and individuals needing a short-term rental will look for luxuries like BBQ grills and pools, but mid-term renters will be looking for more practical things to make a longer stay more comfortable, like reliable WiFi and a fully equipped kitchen. Guests looking for a mid-term rental also have different needs and expectations than those looking for a traditional short-term rental. Some vacation rental owners choose to stick with the per day method but lower the traditional daily rate. The booking process is the same for both, but the pricing methods may differ.įor a short-term rental, it’s customary to charge by the day, But with longer stays, it may make more sense to offer a weekly rate or even a monthly rate. Short term stays and mid-term rentals have a lot in common, but they also have their unique differences. These types of guests don’t want to commit to signing a multi-month contract and are looking for all the amenities they can find in a spacious vacation rental. Of such Airbnb monthly stays, the most popular cases are frontline staff that needs a temporary place to stay close to work and separated from family members people that want to social distance and avoid populated areas before the worst of Coronavirus blows or remote workers/digital nomads finding a more comfortable or better-equipped environment now that remote employment has become the standard. In fact, compared to this time last year, Airbnb has seen a 20% increase in longer-term bookings.
The need for short-term stays has declined in light of COVID-19 and travelers are gradually searching for rentals for a month or longer. Typically, mid-term rentals refer to lease terms from 28 days and can last anywhere from one to nine months.Įxtended stays provide incentives for calendars to be booked during uncertain times, off-seasons and other low-occupancy cycles. A Final Thought What Are Extended Stays or Mid-Term Rentals?Įxtended stays are longer than the usual vacation or short business trip.
0 kommentar(er)
