Curated News
By: NewsRamp Editorial Staff
November 13, 2024
Great Dwellings Releases Data on Inauguration Day Stays Following Election
Discuss on Reddit
LinkedIn
TelegramTLDR
- Trump supporters quickly re-booked 1/3 of the canceled properties for Inauguration Day, gaining an advantage in attending the event.
- Great Dwellings released data showing that 57% of reservations were canceled after the election was called for Trump, but 1/3 were re-booked by his supporters.
- The re-booking of properties by Trump supporters reflects their eagerness to attend the historic event, making tomorrow better than today for them.
- Cancellations and re-bookings for Inauguration Day stays reflect voter sentiment, showing how events impact rental patterns and voter confidence levels.
Impact - Why it Matters
The news sheds light on the impact of the recent election on short-term rental bookings for the presidential inauguration, reflecting voter sentiment and anticipation for the event. It also highlights the significant demand for short-term rentals during inauguration years and the influence of political outcomes on consumer behavior.
Summary
Great Dwellings, a prominent short-term rental (STR) management firm in Washington, DC, has released data on cancellations and re-bookings for Inauguration Day stays following the recent election of President Donald Trump.
According to the data, 100% of their properties were booked for the inauguration leading up to Election Day. However, 57% of these reservations were cancelled within 24 hours after the election was called for Trump. In the days following these cancellations, more than a third of the vacant spots have been re-booked by Trump supporters eager to attend the January 20 event.
Inauguration years traditionally see strong demand for short-term rentals, with many groups booking both to attend and celebrate the event, and nightly rates for these dates are typically three times the regular rate due to high demand.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Great Dwellings Releases Data on Inauguration Day Stays Following Election
