Looking to buy a Smoky Mountain (TN) AibBNB

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Cory KingBusiness Member
Real Estate Agent · Knoxville, TN · Member since 2021 · 166 posts · 77 votes
2y

@Jeremy Tallman Hi! Happy to share some insight into this as I live and work nearby to this market. Bookings are down a fuzz when compared in a year over year context. I can't say the area is oversaturated when we receive nearly 11-14 million visitors annually through here. It's the most visited national park by a massive margin, seriously not even close. Those that bought at the peak of the market and based purchases on those 1-2 years of data might be hurting, especially if they're mis managed. Smaller cabins 1 bedroom style do well in that it's typically last minute bookings by couples so things can stay consistently busy, conversely the big ones 5 bed plus with movie theaters, pools... tend to book further out as the cabin itself is the destination for families and large gatherings. You have to stand out. Be different. The dated lincoln log cabin w/ bear decorations w/ no view gets lost in the ether. We just did a deep dive on this at our local investor meetup. Search GRID Knoxville in youtube and check out the recording.

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  • Katie Haman
    Member since 2020 · 9 posts · 4 votes
    2y

    @Jeremy Tallman did you ever get any information regarding this area from other forums? We are also considering because we love it there but also saw the area has become saturated and decreased bookings.

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  • Jeremy TallmanBusiness Member
    OP
    Property Manager · Indianapolis, IN · Member since 2016 · 142 posts · 75 votes
    2y

    @katie Haman - No, I haven't found much information at all. I have some very anecdotal evidence that bookings are fine and that some initial numbers that came from BP concerning Sevierville in particular weren't accurate.  

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  • Cory KingBusiness Member
    Real Estate Agent · Knoxville, TN · Member since 2021 · 166 posts · 77 votes
    2y

    @Jeremy Tallman Hi! Happy to share some insight into this as I live and work nearby to this market. Bookings are down a fuzz when compared in a year over year context. I can't say the area is oversaturated when we receive nearly 11-14 million visitors annually through here. It's the most visited national park by a massive margin, seriously not even close. Those that bought at the peak of the market and based purchases on those 1-2 years of data might be hurting, especially if they're mis managed. Smaller cabins 1 bedroom style do well in that it's typically last minute bookings by couples so things can stay consistently busy, conversely the big ones 5 bed plus with movie theaters, pools... tend to book further out as the cabin itself is the destination for families and large gatherings. You have to stand out. Be different. The dated lincoln log cabin w/ bear decorations w/ no view gets lost in the ether. We just did a deep dive on this at our local investor meetup. Search GRID Knoxville in youtube and check out the recording.

    1Reply
  • Jeremy TallmanBusiness Member
    OP
    Property Manager · Indianapolis, IN · Member since 2016 · 142 posts · 75 votes
    2y

    @coryking Can you send me a direct link? I'd love to review that.

    And, wow, you are right! Tons of bear decorations out there... LOL

    T&H Realty Services, Inc.4.51272 Reviews
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  • Cory KingBusiness Member
    Real Estate Agent · Knoxville, TN · Member since 2021 · 166 posts · 77 votes
    2y
    Quote from @Jeremy Tallman:

    @coryking Can you send me a direct link? I'd love to review that.

    And, wow, you are right! Tons of bear decorations out there... LOL


     for sure. sent you a PM

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