4 The accelerating shift from the hotel industry to the rental sectorIn the vacation rental marketplace, the impact of the COVID-19 crisis is accelerating the shift seen in recent years from hotels to rental accommodation.

For clients, rental properties, especially those with luxury services, are viewed as an option better suited to the new health requirements, allowing them to holiday with friends and family in a venue unaffected by many of the constraints and restrictions imposed on those catering to members of the general public, whilst at the same time benefiting from services such as private chefs, housekeepers and other staff who are all governed by strict health protocols.

5 The development of long-term winter rentalsAs has been the case during the summer season, there is strong demand for long-term rentals during the winter. With the widespread adoption of remote working, this trend, initially brought about by govern- ment restrictions, is increasingly embedding itself in corporate culture and is allowing families to extend their rentals by one or two additional weeks.

Another phenomenon stemming from the health crisis is rentals of several months by a clientele of professionals planning to work remotely from resorts during the winter season. Although still in its infancy, this trend is on the rise.

There is strong demand for long-term rentals

during the winter

For clients, rental properties, ( ) with

luxury services, are viewed as an

option better suited to the new health

requirements

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