Is it not good? We step out of the scope of what is good or bad for a moment. We are talking about the question of "what happens next..." When monitoring and regulation are very poor, this will lead to situations such as: 1. Too many homestay businesses 2. No control over rental prices Who will benefit if there are too many homestay businesses in an area? Business owners will compete with each other and will always be fighting for customers. If the area is indeed a hotspot, maybe everyone will get customers.
Customers also rarely come to the location. The same is true if the cost of accommodation benin phone number resource at a homestay is too cheap. Who benefits from this situation? Yes, maybe customers will benefit because they can enjoy cheap prices. The question is, what about business owners? Will they operate at breakeven? At a loss? Will the cheap price allow them to generate profits? Also read: Strategy for setting rental rates for homestay businesses 13. Increase in property prices The increasing demand for homestay services has the potential to cause property unit prices in an area to become higher.
This will cause individuals who want to own their own home to have difficulty purchasing property in the area. Ultimately, only the truly wealthy can afford to own property in the area. They will buy not just one unit, but possibly more than one for business purposes. Home is a basic need of every individual. But if the price of a house is too expensive to the point of making it impossible to buy, we need to look again at what factors are causing the increase in the price of the house. Is it because there are wealthy people who buy as many houses as possible, then use them as a tool to generate profit? 14.
But what if the area is not a focal area?
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