Coliving is just a concept. Many types of properties can be easily converted into a coliving space. You can convert a hotel, hostel, villa, or even a motel into a coliving space relatively easily.

It’s one of the biggest headaches for property owners; getting bookings in mid and low seasons. I’ve been partly involved in the property business for a few years now, and these are just some of the tricks that I’ve learned along the way to boost bookings.

The easiest way to start a coliving business is to pivot your existing hospitality business in that direction. You don't have to go all in. In fact, I actually don't recommend it.

Starting small is the right way to build a brand but it's difficult to make a profitable business out of it. You need a certain number of rooms to make your unit economics work. In my experience, the minimum number of rooms to start is ideally 20 or more.

Marketing and acquisition of coliving guests is usually the last thing new operators focus on when they’re getting started. Marketing tends to stay a low priority until operators realize that the rooms are empty. Often, they end up looking for magic (and fast!) solutions. Too late.

When I first opened my coliving space, I had a very hard time deciding which location to choose. In the end, the final decision was Las Palmas de Gran Canaria and these were the main reasons: