Sebastian Rivas is the founder and Head of Product for Andes STR , a leading Short-Term Rental investments and technology firm. getty If there is anything past recessions can tell us about today’s climate, it’s that short-term rental investors can better position themselves during economic uncertainty if they understand how to best leverage their property investments. The start of 2023 is an opportune time to study recessions, as both the Wall Street Journal and Pitchbook said there’s about a 65% likelihood of a recession happening in late 2023 or early 2024. One can turn to historical demands to understand what’s in store for our current economic forecast. For short-term real estate investors, it can be helpful to look at past trends in the travel industry, in particular, as tourism demand can impact investors’ returns and exit opportunities down the line. History tells us that the effect of a recession on tourists’ and businesses’ willingness to travel is nuanced. Following previous events such as 9/11, tourism revenue declined and took years to fully recover, according to data looking at the past 25 years from Trading Economics. Similarly, after the Great Financial Crisis in 2008, the tourism industry experienced a loss […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
