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Thursday 9 July, 2020
TOP STORY
How are the north-eastern US state markets withstanding the Covid-19 impact?
In the latest feature of our short-term rental market recovery series, we analyse the situation in New York, New Jersey, Connecticut and Pennsylvania to track how they are responding to the Covid-19 pandemic ahead of gradually reopening their hospitality sectors.
If you missed our last newsletter....
1. Lyric on the brink as co-founder Fraiman departs
2. Sykes Holiday Cottages to issue scores of refunds
3. Airbnb clamps down on under-25 whole house rentals
4. Join our LinkedIn group here
5. UK to remove quarantines from destinations from 10 July
Editor's comment
09•07•20 Welcome to the latest ShortTermRentalz newsletter!
• Despite the gradual reopening of hospitality sectors around the world, the end of the coronavirus seems some way off, and in the US, leading expert on infectious diseases, Dr Anthony Fauci, has warned the country is still "knee-deep in the first wave".
In the latest feature of our short-term rental market recovery series here, we analyse the situation in the north-eastern US states of New York, New Jersey, Connecticut and Pennsylvania, to track how they are responding to the Covid-19 pandemic, how businesses in the rental space are being impacted, and how prepared each state is to react to a second wave.
Not one of the 50 US states has emerged unscathed from this pandemic, with New York being particularly hard hit in the early stages of the crisis. The state has the highest number of deaths in the country, and has reported more cases than any single country outside of the United States.
News of a new outbreak in Miami-Dade County following the 4 July weekend should serve as a warning about the risks of failing to abide by social distancing measures and facial covering rules if we are to withstand the coronavirus and keep our hospitality industries open for a sustained amount of time.
Data from AirDNA, AllTheRooms and Transparent shows that Airbnb bookings are down this year on 2019 levels, and it suggests travellers are vacating major urban destinations in favour of locations within driving distance of major urban hubs, where they can self-isolate in their own private space, such as in beach destinations, mountain towns and lakeside getaways.
However, this pandemic is also driving a trend in domestic travel as guests seek to stay in another neighbourhood in their city after months in lockdown, according to Co Host Expert Company's Robertin Nunez. Operators will now need to hone in more on these demographics as local travellers not only stay longer but are less likely to leave negative reviews as there is no culture shock when they arrive.
Click on the links to read our recent features on Australia and New Zealand, Sweden, Florida and Spain.
• Don't forget to register for the next in our Urban Living webinar series, which takes place on 15 July, at 14:00 BST when the panel will be discussing the hotelisation of real estate.
Joining IHM editor-in-chief George Sell for the discussion will be:
• Giles Horwitch-Smith, managing director, Res:harmonics
• Hans Meyer, co-founder, managing director, Zoku (tbc)
• Brett Million, strategic partnerships director, NewFlex
• Benjamin Oeckl, CEO, BelForm
• Jacob Wedderburn-Day, CEO and co-founder Stasher
Click here to register for the no cost webinar.
If you have a story you want us to tell the industry, please click here and get involved with the community by joining our ShortTermRentalz LinkedIn group here.
Paul Stevens, news editor
paul@internationalhospitality.media
For more information and sponsorship / advertising opportunities, please get in touch with us.
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International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
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