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Topic - AirDNA


U.S. Short-Term Rental Trends

U.S. Short-Term Rental Market Review: December Supply and Demand Remain in Balance, Promising a Banner 2024

2023 was a dynamic year in the U.S. short-term rental (STR industry). Over the past 12 months, we saw the most in-demand month on record; July marked nearly 24 million nights stayed, September racked up the largest-ever number of available listings in a month with 1.64 million, and annual revenue reached its highest amount yet at approximately $64 billion.


U.S. Short-Term Rental Trends

U.S. Short-Term Rental Demand for 2024 is Projected to Rise by 10.7% Year-over-year

The Anticipated Gradual Decline in Inflation and Stable Economic Forecast for 2024 Are Set to Positively Influence STR Market Dynamics. Average Rates Are Expected to Rise by 2.1%, Which Will Drive a 1.9% Increase in RevPAR. Occupancy Rates, After Declining from Their 2021 Peak, Should Stabilize Around 54.7%, in Line with 2023 Levels.


U.S. Short-Term Rental Trends

AirDNA Research - Supply and Demand Growth for Short-Term Rentals Outpaces Hotels

This report uses aggregate data (2018 - 2023) to examine changing trends in supply, demand, and ADR for vacation rentals and hotels in the United States. AirDNA contributes data on short - term rentals (STRs), while STR/CoStar provides traditional hotel data. Using these comprehensive data sets, AirDNA also forecasts industry trends in the second half of 2023 and into 2024.





U.S. Short-Term Rental Trends

AirDNA Report Proves Demand is Stronger Than Ever for Short-Term Rentals

AirDNA's latest monthly market review indicates this summer will be the strongest on record, with booked vacation rental demand already up 10% from last year's highs. And travelers are planning ahead for their stays: March 2023 saw the highest number of nights booked for future travel of any month on record—more than 21 million.