STR Data Lab™ by AirDNA

Jamie Lane sits down with Mariah Kamei this week to talk about US and Europe STR trends for March. March proved to be another month of demand gains with nights booked up 12% YOY and overall nights stayed up 16% YOY, fueled by a strong spring break. Supply increased 20% YOY, a significant slow down from 26% last month with the downward trend expected to continue. Occupancy this summer is expected to be the third highest on record behind 2021 and 2022. With the major supply increases the industry has seen in the past year, STR owners should continue to expect slowing ADR and profit growth. Record snowfall in the US has extended the ski season for many western ski areas through the end of April. Europe continues to see stronger demand growth than the US as travel continues to rebound from the pandemic.~~~~Read the March Market Reviews: US: https://www.airdna.co/blog/airdna-market-review-us-march-2023 Europe: https://www.airdna.co/blog/airdna-market-review-europe-march-2023 ~~~~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 29

John Hildebrand and Mariah Kamei sat down to talk about the joys and challenges of operating short-term rentals. John is a seasoned owner and property manager who first started by renting out a room in his Malibu apartment to help pay his rent. As a kid, John moved frequently which fostered a love for real estate. His life experiences and that first shared-room listing launched a small management empire in Arizona. John is a self-professed real estate and STR addict who loves converting a new property into a special experience for his guests. He is the founder of Hildehomes.John also shared his journey to advocacy through working with Rent Responsibly. He found his voice and is now in the public forum to ensure the STR industry can thrive. He leads the largest 501c coalition in the state and helps many cities stay ahead of regulation. He encourages everyone to get involved in advocacy by donating money or time and opening a dialogue in their neighborhood.We also talked about how we’re in an industry correction where hosts who give 120% to their properties and focus on customer service and design will thrive. John’s advice is to use data to figure out what you can do differently and take back control of your listings and investment strategy.Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register Connect with John:https://johnhildebrand.cohttps://www.instagram.com/johnhildebrandsicky/?hl=enBook with Hildehomes:https://hildehomes.comConnect with Mariah:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ Explore Rent Responsibly, Boostly, and SuperHog here:https://www.rentresponsibly.orghttps://boostly.co.ukhttps://superhog.comConnect 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 28

This week we sat down with Paul Stevens… just in time for the Shortyz! Paul is the editor of ShortTermRentalz and we’re here to talk about the trends he has seen in the industry over the past 4.5 years. We dive into unique stays and how they have become popular over the years and how ShortTermRentaz reports on these trends. Paul also discusses how he wants to bring the whole industry together at different events. We also dive into the Shortyz… and AirDNA has been nominated for two! We have been nominated for Best Ancillary Service Provider Award the Innovator / Disruptor Award!~~~~Vote for AirDNA and Jamie Lane below: https://form.typeform.com/to/Evs5yC63 ~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Paul:https://www.linkedin.com/in/paul-stevens-b75621146/~~~~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 27

This week, Jamie sits down with Leslie from Rebl Rentals to explore her journey in the vacation rental industry. She explains how feature walls were able to boost bookings for one of her properties, and now she tests it at all of her properties because we live in a Instagramable world. She dives deeper into why the Super Bowl was a complete bust in Arizona and so much more. Connect with Leslie below!~~~~Connect with Leslie: https://reblrentals.com/ - Discount Code 10% Off - JAMIE10@reblrentals - on all social platforms!~~~~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 Episode 26

We sat down with STR owner and educator Stacey St. John to discuss how she found her passion for renovating, owning, and operating short-term rentals. She discusses how she loves to do this, and when you love doing something, it never feels like you are working. Listening along to find out how she got started and where she plans on going.~~~~Connect with Stacey:https://www.instagram.com/stacey_st.john/https://staceystjohn.com/https://hospitality.fm/show/the-str-sisterhood/~~~~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 

This week, Jamie and Mariah dive deep into the data while keeping things short and sweet. Despite February typically being the weakest month for demand, this past month has seen some interesting trends in the vacation rental industry. With a staggering 13 million nights stayed in February alone, demand was up YoY by 18%. However, occupancy was down YoY by 1.8%, indicating a significant increase in new listings — up 26% YoY. While some of this growth is due to the lengthy process of listing, it is primarily attributed to an influx of second homes that were purchased for remote work during COVID and are subsequently being listed to make a profit as workers return to in-person work environments. It's worth noting that there are currently 6 million second homes in the U.S., but only 1.5 million of them are listed on Airbnb and VRBO.Switching gears to the economy, we've seen an incredible job listings growth of 311k in February alone. However, with discretionary spending being heavily dependent on job security, it's important to keep an eye on the deceleration of growth we're currently experiencing. Inflation has also decreased, with February's headline inflation sitting at 6% — down from previous months. We could potentially see a drop to 3% by the end of the year. As we gear up for spring break, it's interesting to note that nights booked have increased by 14.8% compared to January. The top markets for spring break include Orlando, Phoenix/Scottsdale, Gatlinburg, Panama City, and Miami. However, some rising stars for growth are the Jersey City/Newark areas, Chicago, The Hamptons, Boston, and Washington D.C.Stay tuned for the new forecasting report from Jamie Lane.~~~~Read the Full Market Review: https://www.airdna.co/blog/airdna-market-review-us-february-2023?utm_source=podcast&utm_medium=social&utm_campaign=US_MarketReview_Feb23~~~~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-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 24

This week we have Natalie Palmer on the STR Data Lab, a successful real estate investor who started her investment journey by Airbnb-ing her parents' second home in Big Bear. She soon recognized the potential of the market and invested in another property. Currently, she manages nine condos in Big Bear and specializes in short-term rentals while being a full-time mom. Natalie shares her passion for real estate investment and her dream of owning a motel in Palm Springs, although she cannot pursue it due to market regulations. She also talks about her recent event, Level Up Your Listing, which was an all-women's conference in the industry, and it was a huge success.~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Thebartahouse on Instagram:https://www.instagram.com/thebartahouse/~~~~Connect with Natalie:https://www.instagram.com/__nataliepalmer/ https://open.spotify.com/show/6JLknb9bvjB5wjUquuYxW8?si=241d5a9020c5455a ~~~~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 23

Welcome to the latest episode of the STR Data Lab! Our guest today is John, CEO and founder of Ohana Stay and Tech Tape. In this episode, John shares his insights and experiences on entrepreneurship, technology, and more. He talks about how his short-term rental business, Ohana Stay, led to the founding of Tech Tape, and how he manages multiple ventures while fighting regulations in Honolulu, Hawaii. As a Cornell graduate, John also shares his experiences with guest lecturing at the university's hospitality school.We also dive into John's experience owning a property in Waikiki during the COVID-19 pandemic. Despite the challenges, John was able to keep his property occupied at around 50-60% occupancy throughout COVID, thanks to low rates and the use of a staffing agency to avoid squatters or other problems. He notes that while things are starting to recover, the market and booking patterns are completely upside down, requiring him to stay on top of what's going on and respond and react accordingly. Stay tuned for an engaging discussion on the travel industry and how technology is transforming it.~~~~Signup for MarketMinder for FREEhttps://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 John An:https://www.linkedin.com/in/john-an-0762b8a/Email: john.an@gettechtape.com~~~~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 22

Tatianna Taylor-Tait is an award winning designer, author, and short-term rental coach. She is on this week to break down how she got started in the Airbnb industry, why themed spaces may not survive seasonality, why your towels and sheets should be white, and much more! Tatianna is also co-hosting the Level Up Your Listing Summit in Scottsdale… and we will be attending (and speaking)! Check it out here: https://www.levelupyourlistingsummit.com/~~~~Signup for MarketMinder for FREE👇https://www.airdna.co/vacation-rental-data/app/register ~~~~Connect with Tatianna on Instagram: https://www.instagram.com/tatiannatt/ ~~~~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.coEpisode 21

2023 is going to be a crazy year for the housing industry, and we’re ready for the wild ride! We are already in a housing recession, so where to buy a short-term rental is going to vary based on investability, which is what our best places to invest report is based on. You want to use this report to build a baseline. Where are housing prices falling, but demand is still steady–these are the places you want to keep an eye on.Jamie Lane continues to dive deep into what makes a good investment, what numbers you should be looking for in a potential investment property, and why you should make data-driven decisions, especially going into this year. And always remember, the riches are in the riches!~~~~Read the Full Best Places to Invest Report: https://www.airdna.co/blog/best-places-to-invest-in-us-vacation-rentals-2023~~~~Check Out Our Airbnb Hosting 101 Guide: https://www.airdna.co/guides/beginners-guide-to-airbnb-hosting~~~~Read about Revedy: https://revedy.com/about/~~~~Shoutout to Blake Mullen for Digging into the data, connect with him here: https://www.linkedin.com/in/blakemullen/~~~~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 20