What areas are seeing the highest amount of demand? Two hundred fifty thousand new jobs were added in November; does that mean there is a smaller chance of a recession? Are ADRs going up or down? Are people still buying second homes when the interest rates are this high? This week we answer all these questions and more with Jamie Lane and Mariah Kamei!
In November, nights booked increased 13% year-over-year, but this is the weakest reading that we have seen in 5 months. People are still traveling and are looking forward to exploring more hidden gems next year because demand is here to stay in the small-town rural areas. Urban markets are also making a comeback in the year to come; people are ready to explore cities again.
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Read the November Review:
https://www.airdna.co/blog/airdna-market-review-us-november-2022
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Latest BLS Jobs Report:
https://www.bls.gov/news.release/empsit.nr0.htm
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Latest Inflation (CPI) Report:
https://www.bls.gov/news.release/cpi.nr0.htm
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Federal Reserve FOMC Statement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm
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Market Recovery Monitor from Smith Travel Research: https://str.com/data-insights-blog/market-recovery-monitor-week-ending-10-december
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TSA Passenger Throughput:
https://www.tsa.gov/coronavirus/passenger-throughput
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
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Connect with Mariah on LinkedIn:
LinkedIn: https://www.linkedin.com/in/mariah-kamei/
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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
Huge thank you to our podcast producers at hospitality.fm!
Episode 12
