Short-term rentals on the rise among travelers

The popularity of short-term rentals is increasing meteorically especially due to post Covid travel preferences, according to industry experts.

Short-term rentals refer to guest stays in a home unit or serviced apartment for less than 30 days, irrespective whether they are travelling to the destination for business, leisure, or both.

Raquel Lopez, VP of Sales and Marketing GCC at Barceló Hotel Group said, “The trend of short-term rentals and staycations (among visitors) has rapidly risen in the past two years with companies offering flexible working hours and work-from-home models. Some travellers mainly large families or a group of friends, prefer short-term rentals in serviced apartments where they can enjoy the convenience of a fully equipped house.”

Most of those preferring to stay in short-term rentals in the UAE travel from European countries or Russia, according to Behnam Eghtedari. The security and safety the Emirates provide also contributes to its popularity with the visitors.

For others, the reason for picking short term rentals is monetary according to Behnam Eghtedari, Partner of Unique Properties. “If a large family is travelling, including the wife, parents, kids and nannies, a hotel isn’t very viable. If they rent a short-term rental, they can accommodate all at a substantial discount. Also, they can shop and cook at home whenever possible. This translates to more savings.”

With this trend looking like it is here to stay, more owners are turning their properties into short term rentals rather than renting it out to tenants.