We have 2 properties in two different parts of our state...two different seasons , two different target market groups both using Pricelabs since for the past 3 years. Starting November 2023, both properties have declined in lock step. All channels are down. Has anyone else experienced this decline when comparing 2023. Not sure if it's a macro economic issue, an SEO issue, competition or even something else. We placed them Google Vacation Rentals Oct/Nov 2023, and I've had this lingering feeling that that may be a contributing factor. Am I crazy? Thoughts?
Yes. Around July 1st of 2023 was like a light switch. Bookings just started drying up everywhere.
Search AirBnBust online and you will see lots of news articles about it. Inflation and high interest rates are driving guests away from travel right now.
Yes, completely dead. We have a few properties around Phoenix/Scottsdale, been a rough year. We have been doing this since 2004, way before ab&b was on anyones radar. To many properties out there, people getting desperate, dropping prices, and still you see the vacancy on the calendars. Just have to ride it out and have reserve money to pay the bills. Everybody was high on vacation rentals, now the high has worn off.