Building a 7-figure Short-Term Rental (STR) Side Hustle
Source: STR
The Signal: According to hospitality analytics firm STR, hotel occupancy in the US (top 25 markets) has more than doubled from a pandemic low of 22% to 46% in the second week of July. This news coincides with an announcement from Airbnb that guests booked 1m nights globally on July 8th, the first such 1m-booking day since early March.
With signs of recovery in the hospitality space, there’s renewed interest in short-term rental (STR) operations.
The Opportunity: The STR industry has attracted a number of players outside of Airbnb and hotel chain-operated brands. Also known as aparthotels, pop-up hotels, or corporate leases, these STR businesses operate under what is known as a master-lease model.
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