Mark Simpson (speaker) discusses how gains from short-term rentals have attracted many new entrants to the hospitality market. He argues traditional hotels are becoming outdated, many owners are tired and selling, and investors with hospitality systems are acquiring and pivoting these properties toward short-term/boutique models.
They show the gains from short term rentals and dived into the market. And there's so many people that got involved. And it's what we're going to talk about today. The cream always rises to the top. And we'll talk about this today. But the one thing that is coming back is hotels now, because of this and because of traditional hotels becoming outdated, maybe there's not enough young people coming into the industry. And it just means that there's a lot of owners right now that are just tired and want to sell. And people with the systems and the structures in place that know how to run a very successful hospitality business are going into hotels. They're picking them up, they're acquiring them and they are pivoting them and changing them to a more of a short term mental method.
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