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The Impact of the Coronavirus | Global Short-Term Rental Markets – PART 2

Are People Still Booking Travel?

In order to determine real-time demand for worldwide vacation rentals, we’ll need to hone in on the number of reservations that are currently being made. Here’s a chart that shows the number of reservations made in a selection of hand-picked cities over the course of the last two months. Feel free to toggle between different cities to see how they line up.

Throughout the first two months of 2020, daily reservations have slid significantly in many Asian cities. The negative trajectory hasn’t been as pronounced in other cities around the world, but much may change in the months to come.

Here are the changes in weekly bookings between the beginning of the year and the beginning of March:

 

Urban Markets Face Far Higher Risk Than Leisure Destinations

When looking at the data, it becomes clear that there’s a regionality aspect of the virus’s impact. That is, urban cities seem to be significantly more exposed to fluctuations than their traditional leisure travel/resort-based counterparts.

In the chart below, we’ve mapped out the number of properties reserved in Europe over time. When segmenting between the two region types, the outlook for urban markets looks a bit worse for wear.

That being said, this chart also highlights the strength and resilience of leisure travel destination markets. Vacations to these spots are often booked well in advance and travellers face far less risk than they do in urban hotbeds. In effect, leisure travel destinations find themselves less affected.

Coronavirus Vs global short-term rental markets

The impact of The coronavirus | global short-term rental markets-part-2

Written by Karibu Qwetu • March 14, 2020
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Covid-19 Update

Your wellbeing and health is of the utmost importance to us as our guests and you can feel assured that with Huku Kwetu, you will be safe, secure and comfortable at any of our accommodation during these uncertain times.

We can ensure you that our serviced accommodations are fully sanitised and prepared for your stay as we have enhanced our cleaning regime. We will keep updating you on the UK Government information and rules on any lockdown changes.

Our accommodations are available to contractors and corporate guests, so do get in touch if you are working in the Luton, Dunstable and Nottingham area on a short/long-term basis and we can help you organise your stay.  

Your stay with us need to fit the current UK lock down the rule of six and single households staying.

We have self-check-in facilities with a Key Safe or electric Smart Lock to enforce contractless check-in and check-out.

We are fully available by phone, messaging and email, so please feel free to contact us with any questions and for any assistance, you might need.

There are specific quarantine and self-isolation rules if you’re travelling from overseas, and we will be in touch when you are enquiring and booking to help you organise your stay while considering all the updates to the COVID-19 rules.

Those who have been affected by the virus and all the carers looking after them are very much in our thoughts.  We are deeply grateful to the amazing NHS here in the UK, but extend our gratitude to you all throughout the world.

For More Information

UK Government Coronavirus Main Page

What has changed

Get the latest NHS information and advice about Coronavirus/COVID-19

UK Government Guidance - Coronavirus outbreak FAQs: what you can and can't do

We will continue to monitor the situation closely to ensure the safety of all our guests.

Thanks very much,

Catherine Mead, Marketing Manager

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