Potentially, this could be down to the relative attractiveness of these properties for these events, the potential clientele and the fact that these short-term rental markets are less developed than in Europe or North America, meaning they could be less attractive to consumers.
In terms of the first potential driver of this trend, rentals are generally not as favorably located and are going to have much less capacity.
Looking at Melbourne for example, the area near the MCG, where the concert…