Hospitality Current Events

Community Responses to the Rapid Growth of Short-Term Rental Properties

The number of short-term rental properties is growing rapidly across the United States and internationally. They will continue to have a major impact on the hospitality industry both now and in the years to come. For most of modern history, it was expected that travelers would stay at inns, bed and breakfasts, or hotels. While these types of properties will still have their importance in hospitality, the trend is shifting to rental properties thanks to websites like VRBO and Airbnb. Short-term rental properties are becoming more and more common in many towns across the United States. These towns are taking measures to plan for the surging demand of property owners looking to buy short-term rentals.

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Hybrid and Remote Workers will Boost Business for Hospitality Properties

The hospitality industry has experienced major changes over the past two and a half years. Forces outside of the industry’s control have changed the way it operates and how guests travel. The industry has been forced to deal with issues like staffing shortages and supply chain issues on a month-to-month basis. However, folks working in this industry and running the properties have been resilient and ready to adapt their business operations to meet the constantly changing day-to-day operations. Some changes to the industry will likely remain permanent. The new way guests travel is a trend likely to stay. The pandemic brought a major shift to remote work for many companies. The hybrid work schedule has created new terms that hospitality workers need to be familiar with, and there are new opportunities available for properties to attract hybrid or remote workers to their properties.

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InnStyle Wishes Chuck Roller a Happy Retirement

Geoffrey Chaucer once said “All good things must come to an end”, and here at InnStyle that saying has gained a new meaning for us. This July, we had to say farewell to our beloved general manager Chuck Roller, who has been such an integral part of InnStyle for over 45 years. Chuck started with the company fresh out of Delaware Valley University in May of 1974 and has been committed to its success ever since.

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AirBnb’s Covid-19 Cancellation Policy Coming to an End

More signs are beginning to point to a normal return to the hospitality industry. Since the start of the pandemic, the hospitality industry has been confronted with a wave of challenges. This has ranged from staffing shortages, to supply chain issues, rising prices, and other issues. However, many hospitality properties have noted that they have seen an uptick in travel and guest reservations in the last few months. This is great news for the industry. One of the largest businesses in the hospitality industry, Airbnb, recently made a major announcement that signals society is slowly beginning to move past COVID-19.

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Inflation’s Effect on Hospitality Properties

The hospitality industry is still finding its share of highs and lows even as life has begun returning to normal. Thankfully, traveling is back which is bringing business back to hotels, bed and breakfasts, rental properties, restaurants, etc. This has led to an increase in guest reservations and bookings for many properties. But there are various obstacles the industry needs to confront like global affairs, effects of the pandemic, staffing issues, and supply chain issues. A lot of these problems come down to the basic principles of supply and demand and inflation.

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Vacation Rental Week 2022

InnStyle was thrilled to participate in the third annual Vacation Rental Week! This week was dedicated to explaining how professionally-managed vacation rentals provide value and benefits for both property owners and guests. This celebration of Vacation Rental Week provided an opportunity to highlight and educate property owners and travelers more about vacation rentals. This blog explains the benefits of vacation rental properties from the perspective of both a property owner and a guest.

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Economical Effects on the Hospitality Industry

The effects of the pandemic are still having a major impact on the world as it is now almost two years old. Luckily, travel has started to pick up as people have started to move forward with their lives again. Many properties should expect to see bookings improve this year compared to the past two years. However, they will still be confronted with economical issues for the coming busy season. This is an issue that pertains to companies in many industries, so hospitality isn’t just an exception. Inflation will continue to be rampant, supply chains will have issues, and labor shortages may persist throughout 2022.

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