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September U.S. Market Review with Bram Gallagher
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…
The skinny
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