Short-term Luxury Rentals Are On The Rise

February 28, 2023 • Tips & Advice

In recent years, the rise of short-term luxury rentals has become a popular alternative to traditional hotels and long-term rental apartments in Australia.

These luxury rentals are typically high-end properties that offer guests a unique and exclusive experience that they might not be able to find elsewhere. However, like any form of accommodation, there are both pros and cons to short-term luxury rentals that should be considered before booking.

Luxury Short-term Rental Pros

1. Exclusivity And Privacy

One of the main benefits of short-term luxury rentals is the exclusivity and privacy they offer. Guests can enjoy their own private space with no disturbance from other guests, and often have access to exclusive amenities that are not available in hotels.

2. More Space

Luxury rentals usually offer more space than a traditional hotel room, providing guests with the opportunity to spread out and relax. This is particularly beneficial for families or larger groups of travellers.

3. A More Authentic Experience

By staying in a luxury rental, guests can experience what it is like to live like a local in a particular destination. This can be a great way to explore a new city or country, and really immerse oneself in the local culture.

4. Flexibility

Short-term luxury rentals can be rented for as little as one night or as long as several months. This level of flexibility makes them a great option for travellers who are looking for a unique and convenient accommodation option.

Kō is a smart and modern alternative to high-end holiday home rentals – learn more about our model here.

Luxury Short-term Rental Cons

1. Cost

One of the biggest downsides to short-term luxury rentals is the cost. These rentals are often more expensive than traditional hotels and long-term rental apartments. This may not be an issue for travellers with a larger budget but could be a limiting factor for those on a tighter budget.

2. Limited Services

Unlike hotels, luxury rentals often do not offer the same level of services and amenities such as daily housekeeping, room service, and on-site restaurants. This means that guests may need to take care of some things themselves, such as grocery shopping or cleaning.

3. Lack Of Consistency

Because luxury rentals are privately owned, the level of quality and consistency can vary greatly from one property to another. This means that guests may not always know what they are getting until they arrive at the property.

4. Legal Issues

Depending on the location, short-term luxury rentals may be subject to legal restrictions or regulations. This can create complications for both property owners and guests.

Experience All Of The Pros (And More) With Kō

The great thing about co-owning a luxury holiday home via Kō is that you can experience all of the pros of a luxury short-term stay, all within your very own holiday home.

All of our properties are carefully hand-selected to provide a luxurious experience to all their owners while Ko’s seamless system ensures your property is not only well maintained but that your stay is hassle-free and enjoyable from beginning to end.

For more details, please download the Information Memorandum here or contact us.

Any information or advice contained in this blog is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice in this blog, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. You should also seek independent financial advice prior to acquiring a financial product.

All financial products involve risks. Past performance of any product described on this site is not a reliable indication of future performance.

Ko Homes Pty Ltd is the Investment Manager of the Ko Homes Trust. It holds a Corporate Authorised Representative authorisation CAR No.1298188 from Quay Wholesale Fund Services Pty Ltd (Quay) (AFSL No. 528 526). Ko Homes Pty Ltd also holds a Corporate Authorised Representative authorisation from Quay allowing it to provide General Product Advice.

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