Short term rentals surge as hotels adapt to tourism trends

November 05, 2024 | McKinney, Collin County, Texas


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Short term rentals surge as hotels adapt to tourism trends
During the recent City Council Work Session in McKinney, Texas, discussions highlighted the evolving landscape of tourism accommodations in the area, particularly the growing presence of short-term rentals alongside traditional hotels.

City officials noted that while traditional hotels continue to dominate the market with a higher number of rooms and increased occupancy rates, short-term rentals are becoming an important part of the tourism ecosystem. These rentals, often booked further in advance, tend to attract visitors who stay longer, generating more revenue per stay compared to hotel guests.

The data presented indicated that both types of accommodations experience peak demand during the spring months, particularly in April and May, coinciding with popular events like the Byron Nelson golf tournament. This seasonal surge underscores the importance of both hotels and short-term rentals in supporting McKinney's tourism industry.

As the city navigates this dual accommodation landscape, the insights from the meeting suggest a need for ongoing evaluation of how these options can work together to enhance the visitor experience and contribute to the local economy. The Council's discussions reflect a commitment to understanding and adapting to the changing preferences of travelers, ensuring that McKinney remains an attractive destination for both short-term and long-term visitors.

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