With fewer tourists, property managers faced increased competition and pressure to offer discounts to attract bookings. Additionally, wildfires and poor air quality impacted tourism and discouraged last-minute stays.
Key challenges included:
- Off-season dip in bookings due to heat and fewer travelers.
- Increased competition among vacation rentals, driving prices down.
- Environmental factors like wildfires and air quality concerns.
- Limited events to draw tourists before peak season.
Despite the challenges, ACME performed extremely well against the competition:
- 37.2% Higher Occupancy
- 7.3% Higher ADR
- 45.6% Higher RevPar
