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! Q4 2024 Southern Ontario Market UpdateThe 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:
Winter Amenities & Winter Listing PhotosFor most of Southern Ontario; the winter season is considered to be the slower season or off peak season. Less people are travelling to the area than in the summer time so it is extra important to do everything you can to make your property stand out from the rest.
Taking Advantage Of The Slower Winter SeasonIn 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. New Featured Travelluxe ListingsCheck out some of the newest listings that the Travelluxe Team is now managing in Hamilton, Lakefield, Kawartha Lakes, ON and Franklinville, NY. More Blogs...Comments are closed.
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January 2025
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