Latest / STR Data Lab™ by AirDNA
A Reflection on 2023 and a Look Ahead to 2024 with Bram Gallagher
In this edition of the STR Data Lab podcast, Jamie Lane, chief economist at AirDNA, is joined by Bram Gallagher, fellow economist at AirDNA, to discuss the year-end numbers for 2023 in the U.S. short-term rental industry. They analyze the December figures, noting a 4.3% increase in demand compared to the same month last year, with supply growth cooling down to 10.8%. The occupancy rate settled around 49.9%, reflecting a return to pre-COVID levels. The Average Daily Rate slightly improved, signaling pricing adjustments amid changing occupancy.
The conversation delves into the supply dynamics…
The skinny
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