STR Data Lab™ by AirDNA

In this week's episode, Jamie sits down with Bram Gallagher, a fellow economist at AirDNA. Together, they unpack September's U.S. market data and share a pulse check on the industry as we navigate the year's final quarter.After August's industry-wide dips, September brought welcome surprises. Demand rose to 12.2%, and revenue increased to 15.1%, signaling that last month's downturn was more of a blip than a trend. However, we've now seen 19 months of continuous decline in occupancy, although recent figures suggest we're on the mend—moving from -4.2% to -1.2% compared to 2019 levels. ADRs are also bouncing back, with a 2.6% upswing.Jamie and Bram then set their focus on pivotal economic indicators, providing a rich context to understand the market’s trajectory. A robust job report keeps unemployment stable at 3.8%, which could prompt the FED to reconsider interest rates. Geopolitical tensions in the Middle East could exert pressure on energy prices, possibly leading to inflation. On a brighter note, as the U.S. dollar eases, we're witnessing a rebound in foreign travel—now accounting for 7.4% of total exports, up from 6.5% earlier this year.Jamie and Bram also shed light on upcoming indicators like the CPI report and what they mean for future occupancy rates.You won't want to miss this episode!~~~~September US Market Review:https://www.airdna.co/blog/airdna-market-review-us-september-2023~~~~Check Out AirDNA for FREE👇https://app.airdna.co/data~~~~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 53

In this milestone episode, Jamie Lane sits down with co-host Paralee Walls, VP of Marketing at AirDNA, to celebrate the first anniversary of STR Data Lab. To celebrate, we've curated a special journey through the top 12 key industry topics that have captivated our audience over the past year.We kick off by revisiting the origins of the podcast, before debunking the widely circulated "Airbnbust" narrative. We also unpack the looming recession talk, and spotlight AirDNA's innovative new products along with the game-changing acquisition of Arrivalist. Our discussion then shifts to landmark events shaping our sector—from the introduction of NYC regulations and changes in cleaning fees due to customer feedback, to the noticeable decrease in investments driven by rising interest rates.Jamie caps off this special episode by laying out his predictions for what the landscape could look like in the year ahead.This isn't just another episode—it's a celebration of a year of insights, dialogue, and transformation in the short-term rental space. Trust us, you won't want to miss it!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data~~~~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 52

In this week's episode, Jamie sits down with Paralee Walls, co-host at STR Data Lab and VP of Marketing for AirDNA. Before diving into the August data, Paralee unpacks her Oktoberfest experience in Munich, which Jamie reveals saw a 30% surge in demand and a 20% increase in ADRs compared to last year.Although August sits squarely in the peak of summer travel, demand didn't sizzle as much as in July. We witnessed another month of declines: RevPAR dipped by 4%, and occupancy fell by 4.2%, reaching 60.4%. This marks the first time since July 2020 that we've dipped below past occupancy levels. However, Jamie notes that external factors, like the Maui fires and the hurricane in Florida, caused some travelers to adjust their plans, potentially skewing the data. Excluding those areas, we're still ahead of 2019 figures. Nevertheless, growth rates are showing signs of slowing—from 9.5% in July to 9% in August, when Maui and Florida are left out of the equation.Despite these trends, Jamie points out that there is no significant decline in fall bookings. On the international front, demand remains strong, but inbound U.S. travel seems to be tapering off, likely influenced by the U.S. dollar and metro-area regulations. While New York has seen a 77% drop in short-term listings due to new regulations, the city has experienced a 58% uptick in long-term stays, indicating that properties aren't going off the market.You don't want to miss this episode!~~~~August US Market Review:https://www.airdna.co/blog/airdna-market-review-us-august-2023~~~~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 51

In this week's episode, Jamie Lane chats with Sean Breuner, CEO of AvantStay, about what's driving the company's rapid growth and where he sees the short-term rental market going in the next five years.AvantStay is part of a new generation of property management firms that have quickly become big players in the STR scene. Operating in 45 markets and around 120 cities, the company's aim is to bring hotel-level consistency and high-quality experiences to homes across the U.S. One of the challenges with OTAs like Airbnb and VRBO is the inconsistent quality of stays, and AvantStay aims to fix that. Data shows they've climbed to the top ranks of hospitality brands in the country when it comes to net promoter scores. Sean highlights the importance of consistent guest experiences in their quick rise to the top.As for the future, Sean shares his thoughts on the next five years in the STR market. He doesn't see travel slowing down and considers it a recession-proof business, especially in areas that are easy drives from big cities—places where AvantStay is looking to expand. Sean is optimistic about the industry growing steadily in the years ahead, as people continue to value experiences.You don't want to miss this episode!~~~~Visit AvantStaywww.avantstay.com~~~~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 50

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