Jaquo - goodness, I certainly didn’t say or even think that all STR’s are cheaper than premium hotels. I see you added the word all, but that isn’t at all my meaning. If guests want premium service - they have to pay a premium price. There is a cost for a hotel doorman, an on-site repair tech to fix somethings, and room service etc. You could pay for a cheaper hotel, but might not get the premium service. So paying for (cheaper than premium) STR you may well be at the front door having locked yourself out, and have to wait quite some time, if the owner is across town. It’s very common to have non-hosted STR, and I think guests have to accept that it is DIFFERENT to hotels which have on-site staff, and presumably response times in minutes.
I could certainly pay for an on-site manager for my Airbnb, but then I would have to charge more to guests to cover it.
Also, hotels are far smaller. The space you get in a STR is usually cheaper by size than a hotel box. If you paid for a Suite to get a similar size, it would of course be far more expensive.
Can I also gently point out that comments on rates do not mean denigrating. There are many reasons for varying rates, and cheap compared to a premium price doesn’t mean a run down shack with peeling paint or anything lol.
Maybe I was unclear. You get what you pay for - and if a STR guest requires on-site staff or 20 min or less response times, they probably need to pay more premium rates, or take more care to book a STR that includes on-site staff. Unless sharing a room though, a whole house STR usually does NOT have on-site staff, and a 2am call to the owner if locked out will more likely result in Zzzzz no answer I would imagine from most hosts. Not all, but guests have to take personal responsibility, and STR is not a 24/7 Premium hotel with the associated customer service.
You are also right though that some STR’s can be more expensive, but I still disagree if you look at floor space. If you want a whole house, STR will almost always (almost!) be cheaper than an equivalent size space in a hotel, as hotels are smaller. AND probably don’t have a washer. That’s why I always prefer a STR over a hotel. You get a lot more for your money. Cheap doesn’t necessarily mean bad - it means relatively less expensive than some other alternative. I am quite sure you deliver amazing service with your STR’s and guests are very happy, so please don’t think the pricing / value comments relate anything other than ‘cost for space and services provided’. If you include yourself as on-site manager available even at 2am for a lockout call - then more power to you, and lucky for your happy guests!