It's currently September, almost October. You might think we're crazy for thinking as far ahead as July 2017 for our Airbnb property prices. You'd be wrong. (Not saying we're not crazy, just not in this particular instance.)
Ottawa is hosting Canada's 150th birthday party, which will consist of exciting events like Red Bull Crashed Ice, the 105th Grey Cup, and the Juno Awards, to name a few.
But the icing on the cake, the crème de la crème, will be Canada Day. July 1st. Bring it on.
So, what does this mean for Ottawa Airbnb owners? Ottawa is anticipating a record number of visitors to the city, and hotels are jumping on this opportunity. More than 95% of downtown Ottawa hotels are sold out, and the average price is somewhere north of $600 per night, with a minimum stay of 3 or more nights! Fairmont Chateau Laurier tipped the scales charging a whopping $900/night, for at least 4 nights. And they're completely sold out.
Airbnb owners can jump on this bandwagon and increase their prices dramatically. Home owners (or renters, if your landlord is on board!) in the downtown area can plan to stay with a friend or family that weekend and put their property up on a one-time basis. Get a couple of air mattresses for the living room. It's the perfect chance to make a ton of cash for very little effort. You're also helping potential visitors who are at a loss right now with nowhere to stay.
Suburbia might be extremely attractive to visitors, too. With the buses running around the clock and Uber only a tap away, tourists may want to stay closer to family, or away from the bustle of the city. There's no reason why places like Westboro, Kanata, or Orleans can't take advantage of this, too. It doesn't cost you a single penny to list your place on Airbnb and test the waters.