A good location usually stays good. Of course there may be a mega-project which makes a nearby area better, they may shut down the metro/tram for a while or a new building obstructs your view and there’s construction noise for the next 6 months but…ok, let’s skip this one.
There’s greater dangers to worry about.
Tl;dr: a list of reasons why you should try to get bookings from multiple sources. In this article: quality and price are out of your control.
Let’s say that you are doing very well and are having a pretty easy life in getting you apartment filled in.
You say “I have my apartment in Airbnb and it sends me enough customers. I don’t need other channels”.
First of all let me congratulate with you: it means you did a good job in terms of apartment quality, location and pricing and probably more.
The Airbnb algorithm likes you.
That will allow you to get many good reviews and the Airbnb algorithm will like you even more.
Good for you.
Now, let’s analyze the things that are going well:
I’ve arrived in Prague on Tuesday and I already had the chance to meet a few Owners.
One of the main reasons I started this trip around Eastern Europe is to understand what’s going on.
Before I dig into it, I’d like to kind of “save for later” the perception I have now about the market situation, as I am pretty sure I will learn so much that in a few weeks it will be very very different.