Fascinating read about the vacation rental investment landscape! 🤔 It's clear that location plays a pivotal role in the success of a vacation rental, but I'm curious about how to accurately gauge an area's tourism demand and growth potential. With so many factors at play, from local attractions to seasonal events, what are some reliable indicators or tools investors use to predict a location's viability? And how do they balance these insights with the risk of market saturation, especially in popular destinations?
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Great question! Investors often use tourism statistics, local development plans, and occupancy rates to assess an area's potential. Staying informed is key. 📊
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