How Mangalore's Local Festivals Boost Short-Term Rental Markets

Mangalore, a coastal city in the Indian state of Karnataka, is known for its beautiful beaches, historical temples, and vibrant culture. The city is also popular for hosting a wide range of local festivals throughout the year. These festivals not only add to the city's charm but also boost the short-term rental markets in the region.

The most famous festival in Mangalore is the annual nine-day Navaratri festival held in September-October. This festival is celebrated with great enthusiasm and attracts tourists from all over the world to witness the various cultural programs, music performances, and traditional dances. The demand for short-term rentals during this festival season is high, as many tourists prefer to stay close to the festival venue.

Another popular festival in Mangalore is the Kambala festival, which is a traditional buffalo race held in muddy paddy fields. This unique festival is a major attraction for tourists who come to witness the spectacle. The demand for short-term rentals during the Kambala festival is also high, as many tourists prefer to stay close to the event location.

The city also hosts several other festivals such as the Mangaluru International Kite Festival, Dasara festival, Yakshagana festival, and Karavali festival. Each of these festivals attracts a significant number of tourists and leads to a surge in short-term rental demands.

The short-term rental market in Mangalore is dominated by Airbnb, which has over 500 listings in the region. Most of these rentals are privately owned apartments, villas, and homestays. The demand for short-term rentals during the festival season provides a lucrative opportunity for Airbnb hosts to earn additional income by renting out their spare spaces.

The rise in popularity of short-term rentals has also led to the growth of complementary services such as professional cleaning services, property management, and concierge services. These services not only help landlords in maintaining their properties but also provide tourists with a hassle-free stay experience.

Moreover, the short-term rental market has also boosted the local economy by creating new job opportunities in the hospitality industry. A recent report by Oxford Economics suggests that Airbnb has supported over 25,000 jobs in India and added INR 6.8 billion to the local economy in 2019. The figure is expected to grow in the coming years, as the trend of short-term rentals continues to gain traction in the country.

In conclusion, Mangalore's local festivals not only showcase the city's rich culture but also provide a profitable opportunity for short-term rental hosts to earn additional income. As the city continues to attract a large number of tourists, the short-term rental market is expected to grow further, boosting the local economy and creating new job opportunities.