How will self-driving cars gonna affect STR? #shorts #shorttermrentals #autonomousdriving

Name: How will self-driving cars gonna affect STR? #shorts #shorttermrentals #autonomousdriving
Uploaded: 2023-11-12T20:00:00+00:00
Duration: 51 s
Channel: Tim Hubbard
Description: Tim Hubbard weighs how autonomous vehicles might reshape short-term rentals. Downtown parking becomes less critical if guests use self-driving rides, but…

12 Nov 2023 · 1 min

Watch on YouTube

0:51

Tim Hubbard weighs how autonomous vehicles might reshape short-term rentals. Downtown parking becomes less critical if guests use self-driving rides, but long trips in autonomous services stay expensive. The real shift depends on who your guests are and how they move around.

Chapters

So how's this going to affect our short term rentals? Well, of course, it could affect the property values a little bit. It really comes down to knowing our guests, right? We talk about this all the time. Is the guests coming to your property, are they someone that's driving typically? We need to know that, right? Are they someone that's going to need a parking spot? We need to know that. So if you have a downtown property, a lot of times this is where we need parking and it's hard to come by. If someone doesn't have to drive themselves or around anymore or rent a car, it's just much easier to get around then that's not going to be as important. Now, I think drive to destinations like someone's probably not going to take an autonomous vehicle or an autonomous Uber, for example, for three hours to a destination because it's probably going to be a little too costly. So we just need to know what types of guests are visiting our properties.