Vacation Rentals in a Post-Covid19 World

Over the past 4 months we have seen the world flip completely upside down. No investor, strategist, or fortune teller could have predicted the global impact of Covid 19.

As an investor and company owner in the vacation rental space, business was severely impacted due to travel bans. It also forced us to re-evaluate and re-invent our model. Vacation rentals have been trending more than ever due to the privacy and safety travellers enjoy compared to traditional hotels or resorts.

In a post covid world, vacation rentals and alternative accommodations will soar past traditional hotel models which rely on human interaction and personnel to run the show. Whereas with vacation rentals we have already for years been offering contactless check-in with key pads, virtual concierge and pre-trip planning services. At our Personal Villas properties in the Caribbean we offer prior to travel the arranging of grocery orders to be placed in the fridge before arrival, and car rentals delivered to the property. All of these things lead to less interaction (and time wasted) dealing with other people.

We of course cannot discount the personalized human approach to travel and accommodations, but at least with vacation rentals we can have the flexibility to cater to guests in various ways depending on their own risk and safety factors when renting a property.