STR Data Lab™ by AirDNA

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. ~~~~Read the November Review: https://www.airdna.co/blog/airdna-market-review-us-november-2022~~~~Latest BLS Jobs Report:https://www.bls.gov/news.release/empsit.nr0.htm~~~~Latest Inflation (CPI) Report: https://www.bls.gov/news.release/cpi.nr0.htm~~~~Federal Reserve FOMC Statement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm~~~~Market Recovery Monitor from Smith Travel Research: https://str.com/data-insights-blog/market-recovery-monitor-week-ending-10-december~~~~TSA Passenger Throughput: https://www.tsa.gov/coronavirus/passenger-throughput~~~~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-kamei/ ~~~~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.coHuge thank you to our podcast producers at hospitality.fm!Episode 12

As 2022 comes to a close, many economic forecasters are predicting at least a mild recession in 2023. Yet data shows that the #vacationrental industry has more cause to stay optimistic than despair. This month, VP of Research Jamie Lane joins VP of Marketing Mariah Kamei to provide data-driven insights to help you prepare your #airbnbbusiness for 2023.Demand in 2023 will continue along a more mature path, further growing by 5.5% year-over-year, and while demand rises, this will cause occupancy to continue to fall. With the rise in interest rates, growth for nights listed will be 9%, less than in 2022. Economic pressures and inflation-weary consumers will lead to small ADR gains of 1.7% in 2023. This is why we recommend keeping pace with your competitors and changing your pricing throughout the season. Still, have questions? Tweet Jamie Lane @Jamie_Lane for data-driven responses!~~~~Read the Full Outlook Report:https://www.airdna.co/blog/2023-us-short-term-rental-outlook-report?utm_source=podcast&utm_medium=social&utm_campaign=2023Outlook~~~~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-kamei/~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/Twitter: https://twitter.com/airdnaTikTok: https://www.tiktok.com/@airdna.coInstagram: https://instagram.com/airdna.coEpisode 11

This week we sat down with Jaren Sustar (JD), the man behind the hat, the finance cowboy, and someone with a very interesting success story in the short-term rental world. He has an amazing work ethic, and he believes that this was one of the keys to being a successful serial entrepreneur. He has been in the business for 6 years and gives his take on the current state of the short-term rental market. JD also explains that you should not always bank on falling interest rates. You should be cautious when making investments and always make data-back decisions. ~~~~Connect with JD on Instagram: https://www.instagram.com/financecowboy/~~~~Read “Property Managers: 5 Data-Driven Tips on How to Prepare for 2023”: https://www.airdna.co/blog/5-tips-on-how-property-managers-should-prepare-for-2023~~~~Read “Hotels vs. Airbnbs: 3 Things Rental Hosts Need to Know About Lodging Competition in 2023”: https://www.airdna.co/blog/3-things-airbnb-hosts-need-to-know-about-hotels ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 10

This week Mariah sits down with Tim Hubbard, the founder, and CEO of Midtown Stays. He walks us through how he scaled his STR business to a property management company. He talks about always having a backup plan when purchasing real estate. Learn what the biggest fail is as an Airbnb host, how to navigate regulations, what the potential future of the STR business is, and more on this week's episode!~~~~Listen to Short-term Rental Riches: https://strriches.com/~~~~Check out Rest Methods: https://restmethods.com/ ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~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 Episode 9

Jamie Lane, VP of Research, and Mariah Kamei, VP of Marketing, share implications for hosts and guests in the aftermath of many Airbnb updates. In addition to posting really strong Q3 financial reports, with 29% revenue growth year-over-year, the company also shared a slurry of updates in their Winter Release. Airbnb solidified its commitment to growing listing supply by taking short-term rentals into the mainstream. Traditionally the value proposition for STRs has been their Value (compared to hotels), but Airbnb’s “All-in Pricing” update may actually contradict that stance. For example, on average, a 1-bedroom STR in urban areas is 30% less expensive than a hotel. Still, cleaning fees, on average, represent 15% of the reservation price and another 15% going to service fees, putting it more on par with the hotels. Will Airbnb’s efforts to go mainstream damage its value proposition? Time will tell, but we can tell you today that staying one step of their algorithm is key to long-term success in the short-term rental business. Huge thank you to our podcast producers at hospitality.fm!~~~~Highlights from the AirDNA October U.S. Market Review: Available listings reached 1.37 million – up 23.3% YoY and +10.7% vs. 2019 Total demand rose 21.3% YoY and sits 30.8% higher vs. 2019 Occupancy declined 1.9% YoY to 56.7% but is up +12.8% vs. 2019 Average daily rates rose 5.2% YoY to $254 and are up 31.3% vs. 2019 Total revenue was 27.6% higher YoY and is up 71.7% vs. 2019 Nights booked for future travel were up 15.8% YoY to 15.4 million ~~~~Thanksgiving Holiday Performance to date: Nearly two million nights have been booked for this Thanksgiving weekend (Thursday through Sunday), which is 16.4% higher than in 2021 and 29.9% higher than in 2019. The average daily rate paid is $304, up 33.3% from 2019, with growth year over year at 4.6%.~~~~Read the Airbnb Quarterly Finacial reporthttps://news.airbnb.com/airbnb-third-quarter-2022-financial-results/#:~:text=Q3%20net%20income%20of%20%241.2,in%20the%20last%20twelve%20months.~~~~Read how the strength of STR supply growth has continued year over year for most countries:https://www.airdna.co/blog/short-term-rental-supply-reaches-record-levels-in-2022~~~~Read “Beating the #Airbnbust: 5 Tips for Improving Your Bookings: https://www.airdna.co/blog/beating-the-airbnbust.~~~~Learn about the Phocuswright Conference: https://www.phocuswrightconference.com/~~~~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-kamei/ ~~~~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 Episode 8

This week Jamie Lane sits down with the Co-Founder and CEO of Placemakr, Jason Fudin, and they walk through Placemakr’s multiple business models. Placemakr has a future-focused model and a few different strategies on how they plan to get there. From pop-up hotels to short-term rentals to mid-term rentals and more, Placemakr is adapting to the way we have started to live and travel.Jason navigated through COVID, and his business succeeded because they could lean into different strategies and quickly adapt. Is this the future of real estate? Will more competitors join Placemakr on their journey to blur the lines between hospitality and home?About PlacemakrWhether you’re with us for a day or a year, staying in a pop-up hotel or an apartment, Placemakr is blurring the lines between hospitality and home. With convenient tech, hotel amenities, and plenty more, it’s a whole new way to stay.~~~~Check out Placemakr: LinkedIn: https://www.linkedin.com/company/placemakr/ Instagram: https://www.instagram.com/placemakr/ Website: https://www.placemakr.com/~~~~Potato and Egg Quote: “The same boiling water that softens the potato hardens the egg. It's about what you're made of, not the circumstances.”~~~~Connect with Jason on LinkedIn: https://www.linkedin.com/in/jason-fudin-16613ba/~~~~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/airdnaTikTok: https://www.tiktok.com/@airdna.coInstagram: https://instagram.com/airdna.coEpisode 7

From college to working in tech to then pivoting to real estate, Jonathan’s STR journey has been a wild one, and after this episode, you’ll want to dive head-first into starting your first short-term rental (STR) too.Jonathan Farber joins us this week to dive deeper into what it takes to own, scale, and improve your STR business. This week you will learn how he started his business, how he was able to quit his 9-5, how to hire virtual assistants, and so much more. He also talks about how it is key to higher help earlier on if you want to scale your business faster. Jonathan gives us the inside scoop on house hacking and how it could benefit people at any age. He may also give you tips on how to decide if certain real estate investments actually make money or not. Connect with Jonathan: TikTok: https://www.tiktok.com/@jonjfarbInstagram: https://www.instagram.com/jonjfarb/Website: https://jonfarber.co/ Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ 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 Episode 6

This week Jamie Lane sits down with the Founder and CEO of Vector Travel, Mickey Kropf to unveil how a niche business model has driven so much success! Mickey walks us through the ups and downs of owning and scaling an STR management company. He also explains how you need to be flexible when working with partners in numerous industries, including the student housing industry, multifamily industry, timeshare industry, and more.About Vector Travel:Vector Travel is a full-service short-term rental management company designed to partner directly with the multifamily industry to provide clients with a new source of NOI while solving vacancy loss. Vector Travel utilizes proprietary revenue management strategies to generate maximum returns across all major travel platforms and shares the majority of rental income with its clients.~~~~Check out Vector Travel: LinkedIn: https://www.linkedin.com/company/vectortravel/Website: https://vectorstays.com/~~~~Connect with Mickey on LinkedIn: LinkedIn: https://www.linkedin.com/in/mickey-kropf-a259507/~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/  Twitter: https://twitter.com/Jamie_LaneEpisode 5

We’re here to answer the question everyone is asking, is the AirbnBUST really happening? Are bookings down? What about occupancy? How do hotels and STRs size up to each other? Is revenue management actually important? This month, VP of Research, Jamie Lane joins VP of Marketing, Mariah Kamei to provide data-driven answers to these questions and more. With 26.6% more nights stayed than in the same month in 2019. September was the strongest month for demand growth compared to 2019 levels since the start of the pandemic. Average daily rates also continued to grow, 5.6% YoY. Occupancy only declined 1.2% YoY to 58.1% but is up +11.1% vs. 2019. And available listings reached 1.38 million – up 23.2% YoY and +8.7% vs. 2019. ~~~~Read the Full US Market Review: https://www.airdna.co/blog/airdna-market-review-us-september-2022?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8~~~~Read the Europe Market Review: https://www.airdna.co/blog/airdna-market-review-europe-september-2022?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8~~~~Read “How to Finance Your Vacation Rental: A Step-by-Step Guide”: https://www.airdna.co/blog/how-to-finance-your-vacation-rental?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8~~~~Read the BuzzFeed Article: https://www.buzzfeed.com/alexalisitza/airbnb-bookings-down-twitter-reacts ~~~~Read about the Consumer Pricing Index: https://www.bls.gov/news.release/cpi.nr0.htm ~~~~What We’re Listening To:On with Kara Swisher: https://open.spotify.com/episode/0d1YiwardUKhMRIbMz8xip Sarah and T: https://sarahandt.com/ ~~~~Jamie’s Semi-Viral Tweet: https://twitter.com/Jamie_Lane/status/1582715590753779712 ~~~~Learn about the Book Direct Show: https://bookdirect.show/~~~~“Jump the Shark”phrase of jumpINFORMALreach a point at which far-fetched events are included merely for the sake of novelty, indicative of a decline in quality.~~~~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-kamei/ ~~~~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 Episode 4

From owning, to arbitraging, to co-hosting, he has dabbled in it all. On this week’s episode, Mariah sits down with our first guest, Braydon Ross, to talk about what it takes to start your very own short-term rental business. Braydon started his career by going to University and quickly realized that path wasn’t for him. He saved up to buy his first investment property and quickly realized how expensive operating and owning can be. That led him to Airbnb arbitrage! Braydon gave us very candid moments from his early days of Airbnb operation, showing us the failures he had that allowed him to learn, grow, and be successful in this business. He explains what Airbnb co-hosting it is, how you can get started, and how it differs from property management. He also shows us that there really is a low barrier to entry, and anyone can start you just have to know the proper steps to take. Along the way, Braydon offers practical advice and lots of inspiration for innovation in the industry! Connect with Braydon, aka Mr. Airbnb, on Instagram: https://www.instagram.com/mrairbnb/Huge thank you to our podcast producers at hospitality.fm!