VRMA Administrator
Data from AirDNA show US short-term rental occupancy in January stabilizing just 1.3 percent lower than last year. Available listings grew a little more than in December, though growth has slowed considerably since interest rates began to rise, leaving supply at 21.9 percent higher than last year, and demand 14.5 percent higher. This rebalancing kept January occupancy stable at 49.9 per cent. Meanwhile, average rates were up 3.1 percent year over year to $311, their growth slowing very slightly from +3.4 per cent in December. This is the slowest ADR gain since December 2019.
Short Term Rentalz (02/22/23) Paul Stevens
