STR Data Lab™ by AirDNA

In this week's episode, Jamie Lane sits down with Aaron Koppinger, AirDNA's Director of Product, to tackle one of the biggest challenges in STR investing: finding the right market and property that aligns with your goals. We've listened to your feedback and reimagined AirDNA to be your comprehensive guide in the world of short-term rentals.AirDNA now offers flexible subscription tiers that replace market-based pricing, as well as innovative Market Scores—a numerical rating system that supersedes the old letter grades. These features are designed to offer you nuanced, actionable insights, making AirDNA your one-stop-shop for STR investing.Aaron also teases upcoming features, including the ability to search through MLS listings for your next property investment. This episode is a treasure trove of insights that will revolutionize how you approach STR investing.You don't want to miss this episode!~~~~Signup for AirDNA for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 49

Economist Bram Gallagher discusses the potential risks facing the short-term rental industry and the broader economy. Topics include the impact of hurricanes on markets, the challenges of recovery, potential government shutdown, the resumption of student loan repayments, and changing regulations in the industry.

In this week's episode, Jamie sits down with Isaac Collazo, VP of Analytics at STR. Isaac is a veteran in the hotel industry and has worked for various major hotel brands over the years. The two discuss the differences between hotels and short-term rental companies, as well as their future prospects.Isaac notes that the hotel industry is starting to normalize, with metrics approaching their 2019 levels. Demand is only 1.6% lower year-to-date compared to 2019, and daily room bookings are just under 3.6 million, similar to figures from that year. Occupancy stands at 63%, rate growth is returning to normal, and seasonal travel patterns are resurfacing. Although outbound U.S. travel currently exceeds inbound travel and business travel hasn't fully recovered, the trends are positive.A major concern on everyone's mind is the potential impact of a recession. Isaac believes that due to current interest rates, we may see limited supply growth over the next 3-4 years. While he anticipates a slowdown in business travel, he doesn't expect it to decline significantly. Even in the event of a recession, Isaac's forecast still predicts an increase in RevPAR (Revenue Per Available Room) for the next three years.The industry is ever-changing, but Jamie and Isaac share their forecasts for the future of both vacation sectors. You don't want to miss this episode!~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 47

In this week's episode, Jamie sits down with Marcus Rader, the Founder and CEO of Hostaway. Hostaway is a vacation rental software company that’s on the path to becoming the platform with the biggest market share in our industry.Back in 2015, before the STR boom happened, Marcus saw us heading in this direction. He noticed homeowners sitting on properties, only using them for a few weeks out of the year, and not capitalizing on them — so he decided to dedicate his career to helping STR owners.The majority of the tech in the industry was created by people within the industry, but with no experience in tech — and that’s where Hostaway is different. It was created by people who started in the tech space and know exactly what it takes to build a tech platform. Their 150 staff members pride themselves on putting the customer first, and their motto is that they’ll only build something if they can build it better than someone else. That’s how they differentiate themselves from the competition. With the industry constantly changing its rules, regulations, and ways to operate your business, Hostaway is continuously finding ways to improve their user experience and help owners thrive in this industry.Jamie and Marcus discuss where Marcus sees the market today, as well as where he believes we’re headed for the rest of the decade. You don’t want to miss this episode!~~~~https://www.hostaway.com/~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 46

In this week's episode, Jamie sits down with Paralee Walls, the new co-host at STR Data Lab and the brand-new VP of Marketing for AirDNA. Before unpacking July's data, Paralee shares her excitement about her new role at AirDNA and her vision for leveraging data to enhance the lives of people across the industry.July was not only a hot month in terms of temperature, but also in booking trends. The month set a new record for nights spent in short-term rentals across the US, with 35.4 million nights – a 9.4% increase from the previous record set in July 2022. Although demand remains robust, its acceleration is showing signs of slowing. The first half of the year saw a 12-15% surge in demand, but July marked the first month of single-digit growth, coming in at just under 10%. Additionally, occupancy dipped by 1.3% to 69.5%, and average daily rates declined by 1% year-over-year. Given the current interest rates, finding investment properties is becoming more and more challenging.Internationally, demand is hitting record highs as travelers are increasingly willing to splurge on experiences and travel. However, travel to the US seems to be slowing, likely influenced by fluctuations in the US dollar. This trend is particularly impacting major metro cities and coastal areas that typically attract a significant volume of international visitors.We also review our rankings for the top property management companies in the US and delve into what sets these managers apart.You don’t want to miss this episode!~~~~July US Market Review:https://www.airdna.co/blog/airdna-market-review-us-july-2023~~~~Best Airbnb Property Management Companies in the US for 2023:https://www.airdna.co/blog/the-best-airbnb-property-management-services~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 45

In this week’s episode, Jamie sits down with Robin Simon, partner at Easy Street Capital. Established in 2016, Easy Street Capital has risen to become one of the leading DSCR lenders in the industry for investment properties. They specialize in Long Term, Short Term, and Multifamily rentals.Given the uncertainty of the market, many questions arise about how investors should handle their investments. Robin shares that, from the lending perspective, he hasn’t observed many defaults or delinquencies on these loans. Many investors who acquired their properties before the rate hikes have been able to maintain their STRs and weather these downturns, thanks to their financing costs being impressively low at around 3.5-4% for a 30-year fixed mortgage. He remains uncertain if a market crash will ever occur.In our deep dive, Robin further discusses his perspectives about the future direction of the market and emphasizes the importance of focusing on data over the click-bait headlines you see online.You don’t want to miss this episode!~~~~Connect with Robin:https://www.easystreetcap.com/https://www.instagram.com/robinsimonesc/https://twitter.com/RobinSimonESChttps://www.linkedin.com/in/robinsimonesc/~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 44

In this week’s episode, Jamie sits down with Paul Kromidas, CEO and Co-Founder of Summer. Paul started his journey in the short-term rental industry working on the Lux team at Airbnb, with a mission to introduce luxury short-term rentals into the market. Despite these types of rentals being notorious for generating the lowest occupancy rates in the industry, they saw the most significant increase during the pandemic. With Summer, Paul now assists homeowners in not only finding but also investing in their dream homes, all while maintaining top-tier quality.Summer sets itself apart with its unique business model, which extends beyond just helping you find your perfect home: they offer a spectrum of purchasing options ranging from gradual ownership, to immediate ownership, and even an innovative “try before you buy” method. Going the extra mile, Summer takes care of all design elements, furnishings, and even managing renovations. They assist homeowners in finding their ideal investment properties and, beyond that, they also manage these properties to ensure a high-end stay for their guests.In our deep dive, we explore Paul's aspirations to help individuals break into this industry and his dedication to maintaining the quality of vacation stays.You don’t want to miss this episode!~~~~Connect with Paul:www.gosummer.com https://www.instagram.com/startsummering/https://www.facebook.com/startsummering~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 43

This week, Jamie sits down with Avery Carl, CEO and founder of The Short Term Shop. Like many others, Avery stumbled into this industry after owning a long-term rental in Nashville and a short-term rental in the Smokies. Over time, people began to ask her about her rentals, and things organically grew into what is now known as The Short Term Shop. Avery’s real estate agency, operating under EXP, boasts a team of 70 agents across 19 vacation rental markets.In today’s uncertain market, Avery says she sees a lot of ‘shadow demand’ for properties: people have cash on hand and are waiting for a shift in interest rates or purchase prices before making a move. She states that prices are decreasing, but not significantly, because of this. In the episode, we discuss what it takes to own a top-tier property in today’s market and the key factors to consider when investing. Avery also deconstructs her famous "Enemy Method" and explains why it is beneficial to adopt this strategy when investing in a short-term rental.You don’t want to miss this episode! ~~~~Connect with Avery:Strquestions.comTheShortTermShop.com~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane  ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 42

Jamie Lane sits back down with Demi Horvat, CEO of AirDNA, this week to talk about AirDNA's acquisition of Arrivalist, the leading provider in Location Intelligence. They also discuss the reoccurring topic of if we're going to see a recession in the back half of 2023. According to the latest economic data, Jamie doesn't see that happening just yet. The US created 209,000 jobs in June, Inflation came in lower than expected at 3%, and the producer price index increased only 1%. Although the FEDs rate hikes seem to be working they discuss the reason why people are still skeptical due to the lag that these rate hikes could have on the economy. On top of that, they also discus the overall industry outlook and where it looks like things are headed. We had another strong month for booking activity, we saw nights booked go up by 25%, we saw another month of declining occupancy although it's only down 1.1% year over year, and then we also saw a weakness in ADRs which is up just over 1%. As we enter the second half of the year there's a lot of things to look out for! You don't want to miss this episode!~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane  ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-ka... ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 41

Jamie Lane sits down with Benjamin Gross from Minty Living. They were recently nominated for the Shortyz Award for Urban Property Manager of the year and over the last 3 years they've been able to scale from just 5 properties to now 180. Their company is based out of Atlanta, Georgia where the Film Industry has been growing rapidly and they've been capitalizing on it. We discuss the importance of onboarding properties when trying to scale your company and how Benjamin was able to put the technology in place to help streamline this process. You don't want to miss this episode!https://www.book.mintyliving.com/~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane  ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-ka... ~~~~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 ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 40