Shot on iPhone and a Fujifilm X-T3
Lyon is located at the confluence of two rivers: the Saône and the Rhône. And where these two rivers physically merge in the south is a neighborhood called La Confluence:
A former industrial area and urban renewal project since 1999, La Confluence is now home to world-class architecture, a broad mix of uses, and a club called Le Sucre.
The most important piece of architecture is probably the Musée des Confluences, which was designed by the Austrian firm Coop Himmeb(l)au. It is situated at the very southern tip of La Confluence.
And at the very south end of the museum is this column:
It feels like the exact right place for a column like this.
We spent his morning meeting with prospective property managers for Parkview Mountain House. Here’s what we learned about the short-term rental market in Park City, Utah:
Property management fees generally range from 20-35% of revenue (these are turnkey solutions)
Airbnb is somewhere around 80% of the market here; though it does tend to skew toward slightly smaller rentals, whereas VRBO skews larger
Sundance Film Festival and New Year’s Eve are the two busiest times in Park City (demand greatly exceeds the available vacation rentals — 120%?)
Many Sundance guests tends to be people on expenses accounts: not price sensitive, but apparently very demanding
Winter is obviously peak demand because of snowboarding and skiing, but demand is still strong in the summer because of cycling, hiking, golfing, fishing, etc.
The two slowest times are spring (mud season) and fall
Many PMs will track booking lead times, which is the period of time between booking and check-in
This past winter season, demand was strong but average lead times were way down — meaning people were booking last minute and responding to snowstorms
During heavy snowfall seasons, like the one Utah had this past winter, you’ll likely need to budget for roof snow clearing (a few thousand for the season)
Heated driveways are a very good idea in the mountains
The most popular / most searched amenity is by far a hot tub; servicing one will run you about $125 per month
I always find it fascinating to dig in and learn about a new industry and/or market. And that’s exactly what we did this morning.