Recently, platforms like Airbnb have become one of the most chosen options by visitors in each country due to their more flexible and sometimes more economical options than hotels. However, despite their popularity, many hosts in Miami are looking to change platforms. Why? At SpacePal, we tell you.
Stricter Regulations
One of the main reasons behind this drastic change is the strict regulations in Miami. In an effort to control the growth of short-term rentals, local authorities have begun implementing new regulations that limit the number of days a platform can be rented out on platforms like Airbnb or similar.
For some hosts, complying with this new regulation can become too costly and complicated, leading them to decide to leave the app and seek other paths.
Constant Increase in Operating Costs
The increase in short-term rental demand has caused a rise in cleaning, maintenance, and property management services in Miami, which in turn raises operating costs. Additionally, some hosts have noted a new increase in insurance rates to protect their properties.
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Choose and book now!Strict Competition with Hotels
The growth of platforms like Airbnb has prompted a response from hotel chains in Miami. Realizing the possibility of losing guests, they have requested that stricter regulations be applied to short-term rentals, arguing that these properties do not pay the same taxes as hotels.
Changes in Demand
While Airbnb remains one of the most popular platforms in the world, the demand for rentals has decreased recently due to various factors. Following the COVID-19 pandemic that shook the world, many travelers are opting for longer stays or even searching for more economical places.
Furthermore, with increasing competition, hosts find themselves with more options to market their properties.
Another factor driving Miami hosts to switch from Airbnb to other platforms is the variety of professionals in the area. What does that mean? Today, this city is known to be a hub for photographers, influencers, and similar events. While Airbnb is recognized for its vacation spots, it does not meet the expectations of those looking to rent solely for work or parties.
As a new option, SpacePal is positioning itself as one of the most chosen platforms, offering a variety of spaces for renting by the hour or day. Flexibility is one of the most important qualities that hosts seek, and this new platform has the versatility to adapt to what suits you best.
In conclusion, the departure of many Airbnb hosts is due to the changing landscape of short-term rentals. Competition with hotels, changes in demand, and the constant rise in operating costs are causing more and more people to switch their lodging locations to platforms that appear more open to changing the renting approach.
At SpacePal, we offer a variety of spaces at the best prices. Renting has never been easier.
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