Recovering International Travel Bolsters European Demand Heading into Fall   In this month’s review, we look at short-term rental demand (nights stayed) in Europe, which is still working its way back to pre-pandemic levels. Highlights include: The percentage of short-term rental trips by foreign visitors sees a big boost  Interest in rentals outside of big cities drives demand in Europe Germany leads the demand pack, exceeding 2019 numbers   Cross-border Short-Term Rental Trips Show Signs of Rebound   By tracking reviews, AirDNA is able to provide insights into where g ..read more

Denver, October 26, 2021. AirDNA, the leading provider of the most accurate vacation rental data and intelligence, is pleased to announce new features for the Rentalizer solution at Inman Connect. The Fastest, most accurate profit forecast for any short-term rental property AirDNA’s Rentalizer is the first Airbnb profit calculator of its kind. Brokers, buyers, and real estate tech providers can now see a detailed projection of any property’s potential. Attendees at Inman Connect will get the first look at Rentalizer’s new game-changing features.  Rentalizer draws on an extensive group ..read more

Promising Fall for U.S. Short-term Rentals Driven by Thanksgiving Bookings In this edition of the monthly review we unpack the data behind a record quarter for short-term rental revenue, which totaled $14.5 billion in Q3.  Highlights include: Demand for U.S. short-term rentals was back over 2019 levels, after dropping slightly in August. Myrtle Beach was the top markets for new investment over the past 2 years Demand for Thanksgiving is up 31% vs 2019, only up 4% for Christmas Short-term rental demand growth was positive in September after declining slightly in August.  Deman ..read more

Holidays are Hot! European Travel Returns to Highest levels since beginning of the Pandemic   Record high occupancy for summer travel leads to higher rental rates, but will supply be able to keep up? In August, demand for European short-term rentals typically peaks, and 2021 did not disappoint. AirDNA tracked more than 42.3 million nights sold in August 2021, which was the highest number of listing nights sold since the start of the pandemic. Still though, it was 21.0% lower than 2019 levels, but 16.5% higher than August 2020. The decrease is a significant improvement from the -45.5% lo ..read more

School’s Back in Session: Occupancy dips as the record-breaking summer comes to a close Demand for short-term rentals fell by 0.9% in August, coming in under 2019 levels for the first time since April 2021. The 17.6 million nights sold in August 2021 was still up 23.9% relative to August 2020. The slight pull back in demand versus 2019 can primarily be attributed to a reversal in gains made in suburban areas and a cooling off of the white-hot demand levels seen in mountain/lake destinations. Suburban demand had been approaching recovery in June, when it was just 8% shy of 2019 levels. Sin ..read more

The Holiday Let Revival in the UK: The Year We Swapped Barcelona for Blackpool As foreign holidays get a little easier and restrictions are lifted in the UK, there are encouraging signs that pent-up travel demand is fuelling a surge in global short-term rental bookings and holiday lettings in the United Kingdom. To get a sense of just how dramatic the booking surge has been for Airbnb, AirDNA data reveals the markets in which the return of travel has been so starkly evident. The UK, especially, has seen a significant uptick in holiday let activity. But will the demand last?    Sho ..read more

Pricing Your Holiday Let: Why Dynamic Pricing is so Important Whether your holiday let overlooks a Gwynedd inlet or a bustling London street, the success of your holiday let business model largely depends on your dynamic pricing strategy. Dynamic pricing enables you to remain flexible, and to pivot on pricing when it’s most advantageous. Determining how to price your holiday let is crucial.  Throughout the pandemic, hosts across the UK have had to update their prices to reflect dwindling demand as well as spikes in demand; hosts had to react or, in the best circumstances, prepare for tra ..read more

It’s inaccurate to continue referring to short-term rentals as “alternative accommodation.” STRs are here to stay — and the numbers prove it. Airbnb guests shattered records in early August 2021, with more than 4 million staying in Airbnbs across the globe. And an increasing number of them are staying in some of the most unique Airbnb vacation rentals available.  Long gone are the days of most guests staying in contemporary homes. While that’s still very much the case for a lot of guests, hosts and guests alike have sought unique stays (yurts, tiny homes, farm stays, treehouses, etc), l ..read more

Vacationland USA: Summer Demand Delivers for the Short-term Rental Industry Record high occupancy for summer travel leads to higher rental rates July typically represents the peak season for short-term rentals in the U.S., and 2021 did not disappoint. AirDNA tracked more than 19.7 million nights sold in July 2021 — a 3.9% increase over 2019 levels (+23.9% vs 2020). The increase in demand slowed some from June when it was up over 8%.   There were 10.6% fewer listings available for rent this summer compared to 2019, but a full 5.7% greater than summer 2020. The supply/demand imbalance ..read more

As of Q2 2021, there are over 600k multifamily listings in the U.S. listed on Airbnb or Vrbo as short-term rentals (STRs). The vast majority of these listings are located in the largest U.S. cities, many of which were ravaged by the COVID-19 pandemic. With a large percentage of workers able to work remotely — and the high cost of living that comes with many of these cities — it’s no surprise that many people have opted to move to lower cost areas until the benefits of living in the city match or surpass the cost again.   It appears that moment may be happening with apartment rent s ..read more