Since the Local Lodging boom began in 2008, small property owners are returning in increasing numbers to traditional long-term rentals. Numerous factors are pushing this trend. “AL” offerings have reached glut conditions in some central urban areas. Excessive offerings and limited demand push down prices. Over the last ten years, Local Lodging enrolments in Lisbon have soared from less than 3,000 to almost 50,000. In addition, Local Lodging can prove to be demanding work. Outsourcing tasks such as cleaning, marketing and maintenance can eat into profits. In contrast, long-term rentals require only a minimum involvement on the part of landlords.
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Local Lodging falls sharply nationwide
Local Lodging is on the decline across the country with new registrations dropping by 43% when compared to the same period last year. According to…
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Local Lodging: Lisbon can accommodate 102,00 holidaymakers
As compared to hotels, “AL” already has twice the capacity to receive tourists in Lisbon. In the nation’s capital which has 500,000 inhabitants, Local Lodging…
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Hybrid lets
Question: I have a local lodging unit that I have only been able to let during the high season. Now I have a potential tenant…
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Coming to a close…
Since NALLE started to offer its services in February 2015, the Local Lodging industry has undergone profound changes. A small business sector which started out…