RESIDENTIAL
2. The Rise of Longer Stays: Capitalising on Remote Work
South African Opportunity
RESIDENTIAL
2. The Rise of Longer Stays: Capitalising on Remote Work
Global Trends:
• 23 % of Airbnb bookings globally are now for stays of 28 + days.
• Digital nomads and remote workers are seeking well-furnished, fast Wi- Fi-equipped homes with flexible cancellation.
• Booking. com and Vrbo have both seen growth in extended business travel and temporary relocation stays.
South African Opportunity
Cape Town has seen a notable influx of digital nomads, many from Europe and North America, drawn by the weaker rand, good infrastructure, and quality of life. With the average cost of living still significantly lower than in major cities globally, Cape Town is a remote worker’ s dream.
Investor Tip: Convert one or more listings into“ digital nomad friendly units” offer a desk, ergonomic chair, high-speed fibre, Nespresso machine,
46 REI MAGAZINE APRIL 2025