As we settle into the winter season, it's time to reflect on the short term rental market’s performance compared to last year and identify opportunities to stay ahead in 2025. In this edition of Travelluxe’s Quarterly Market Update, we explore how the market has evolved compared to last year and highlight key strategies to enhance guest experience during the colder months.

Adding winter-friendly amenities such as hot tubs and saunas can significantly boost occupancy & revenue, while capturing seasonal photos ensures your listing stands out from others this time of the year. Additionally, the slower winter period presents the perfect opportunity to restock essential supplies and tackle renovations before the busy peak season arrives. Stay ahead of the curve with our expert insights on optimizing your rental this winter!

The market for 2+ bedroom rentals in Niagara Falls to Burlington during Q4 2024 showed a mix of positive growth and minor setbacks compared to Q4 2023:

• Occupancy: Average occupancy increased by 6.14%, reflecting a steady rise in demand during the final months of the year.
• Revenue: Total revenue saw a slight decline of 3.50%, suggesting some shifts in booking patterns or traveler behavior.

This quarter highlights growing traveler interest in the region, with occupancy improving year-over-year. While revenue experienced a modest dip, the overall outlook remains positive as demand continues to strengthen.

In the winter season we do not generally see as many back to back bookings as there are in the peak season. We recommend short term rental owners take advantage of the mid week down time and use this spare time to make updates to the home and property. This is the time of year to schedule updates, renovations, and additions so that you don’t have to block dates that are in high demand later in the year. This is also the perfect time of year to add new amenities to the property and ensure that your supply closet is fully restocked with extra sheets, towels, consumables, etc.

You can grab your copy of the Travelluxe Ultimate STR Supply List by clicking the button below. This list includes everything your short term rental should, could, and must have in order to operate efficiently and successfully. It even includes estimated prices, links to top suppliers, and suggested quantities.

Market Performance Update for Q3 2024 compared to Q3 2023:

• Occupancy: There was an increase of 2.04% in average occupancy.
• Revenue: Total revenue saw a slight decrease of 1.16%.

This indicates a slight growth in occupancy, while revenue remained largely stable with only a small decline, suggesting a balanced performance despite market fluctuations.
**Data analyzed includes all 2+ bedroom rentals from Niagara Falls to Burlington.**

As we get into the cooler weather, it’s time to start looking into fall maintenance. The Travelluxe maintenance team goes to our clients homes and completes the following steps for them in October.

Check out some of the newest listings that the Travelluxe Team is now managing in
​Niagara On The Lake, Bobcaygeon, and Lincoln, Ontario.

If you're a short-term rental host on Airbnb, you know how competitive the market can be. With thousands of listings available in popular destinations, it's important to optimize your Airbnb listing to stand out from the competition and maximize your bookings. In this blog post, we'll discuss how you can optimize your Airbnb listing and set it apart from competitors to give your short-term rental the edge in the market.  ​