Competitors for the homestay business The homestay business is not a business without competition

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Alternative for homestay business Is it an alternative for the homestay business? This homestay business usually targets the category of visitors who need accommodation for short and simple periods. Usually guests will stay either for one, two or maybe three nights only. However, for the same residential unit, you can use it as a long-term accommodation, for example as a rental house. In my opinion, whether it is a rental house or a homestay business, both have their own advantages. There are locations that are more profitable to make a homestay business, and there are also locations that are more profitable to make a rental house.


In fact, in some areas, the competition may be very fierce. Among the businesses that may women phone number data be seen as competitors are: i. Hotel ii. Resort iii. Motel iv. Airbnb and so on The existence of competitors is not a bad thing. In fact, it can actually be used as a sign that such service has quite large potential. If the accommodation business has no demand, why would other people choose to run a similar business? As usual, before we want to start a business, we need to know whether the location where we want to run the business is, the form of demand or vice versa.


This means, we need to do a little market research. The aim is to prevent us from being mistaken in choosing a business that actually doesn't exist or lacks demand. Factors influencing demand for homestay businesses The question is, is this the determining factor in whether the business has demand or vice versa? There are several things that we can pay attention to. (1) Vacation destination If the location is a tourist destination, the homestay business usually has a bright opportunity to provide better returns. However, this doesn't mean this business will be easier. Usually in places that have attractive and popular holiday destinations, there are usually many other entrepreneurs who also run the same business.