With the eclipse approaching in less than a week, over half of U.S. cities along the eclipse's path are fully booked for the night of April 7th according to data from @airdna
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Jamie Lane
1,785 posts
Jamie Lane
@Jamie_Lane
Chief Economist, SVP Analytics @AirDNA | Tracking performance and explaining trends in short-term rentals
- Replying to @nickgerli1A viral tweet about STR data! Lets get some facts straight... There is not a collapse in RevPAL happening. Is it down in 2023? YES. Is it down 40%? NO. I've pulled the numbers from @airdna's dataset mirroring the analysis done by @nickgerli1. What do we find? The average
- On @airdna , you can now see homes for sale within the app (just for the U.S.) along with the projected annual revenue, occupancy and ADR for that home.
- A viral tweet about STR data! Lets get some facts straight... There is not a collapse in RevPAL happening. Is it down in 2023? YES. Is it down 40%? NO. I've pulled the numbers from @airdna 's dataset mirroring the analysis done by @nickgerli1 . What do we find? The average
The Airbnb collapse is real. Revenues are down nearly 50% in cities like Phoenix and Austin. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse. - As of November 2023, all the gains seen in U.S. short-term rental occupancy have now been erased and we are back to the average occupancy level seen in 2018 - 2019. A deep dive into 2023 STR performance and our outlook for 2024 can be found here: airdna.co/outlook-report…
- In today's earning release from Airbnb, they announced that they surpassed 5 million hosts around the globe. According to our count, it's 4.95 million (close enough) but the amazing part is of that 5 million hosts, 3.5 million of them only have 1 listing. Looking at the large
- Replying to @WallStreetMav @WallStreetSilv and @nickgerli1There is not a collapse in RevPAL happening. Is it down in 2023? YES. Is it down 40%? NO. I've pulled the numbers from @airdna 's dataset mirroring the analysis done by @nickgerli1 . What do we find? The average market listed is seeing RevPAL decrease of -3.6%, not -40.3%.
- After an easter-induced increase in March, RevPAR for the U.S. declined by 6.1% YoY in April 2024. Other highlights from the April data: - Available listings up 8.7% YOY (Lowest growth rate since 2021). - Total demand (nights) rose 0.4% YOY - Occupancy was 8.4% lower YOY at
- Replying to @texasrunnerDFWNow show a map of the 112k vacant homes in Broward County Fl.
- !! @airdna is now partnering with @zoneomics to provide short-term rental zoning information as you look to find and purchase your next STR. We have now brought together the power of homes for sale in our platform and combined that with the ability to see if that property can
- Over the past year, I've heard concerns about and antidotal evidence of increasing number of short-term rentals exiting the market because of decreasing revenues. While revenues per listing are down ~2% YoY, we haven't seen a noticeable uptick in churned listings. Short-term
- New research in the Harvard Business Review on the implications of short-term rental bans. hbr.org/2024/02/what-d… The findings: 1. Minimal Impact on housing "Put simply, restricting Airbnb is not going to be an effective tool for solving the housing-affordability problems in
