The short-term rental industry is becoming increasingly competitive. As travelers are likely to seek out short-term rentals that align with their own sustainability values, it'll also be important for property owners and managers to communicate their sustainable practices and efforts. This may include installing energy-efficient appliances and low-flow showerheads or introducing recycling programs. So property owners and managers will need to consider environmentally friendly features and practices in their rentals to meet traveler demands. In Booking's latest sustainability survey, 81% of travelers say they want to stay in sustainable accommodations. Increased Focus On SustainabilityĪs travelers become more environmentally conscious, we can expect to see a greater focus on sustainability in the short-term rental industry.

Because technology is always evolving and innovating, we should expect to see newer tools emerge for the short-term rental space in 2023. From online booking platforms and property management software to smart home technology and virtual reality, technology makes it easier for property owners and managers to operate and market their rentals. Technology plays a big role in the short-term rental industry.

Airdna report