AirDNA reported that property listings on short-term rental platforms were up 23 percent in August compared to last year while average daily rates' (ADRs) growth slowed, trailing costs caused by inflation.
AirDNA reports that the European short-term rental market witnessed a full recovery from the pandemic in the summer, with 3.5 percent more nights stayed in such accommodations in June, July, and August than in 2019. Demand also topped 2019 levels in August, with revenue up 22 percent from 2019.
Hotels are becoming less popular among the largest group of travelers in the U.S.—millennials and Gen Zers—who are instead choosing the services of short-term rentals.
In this episode of the podcast, VRMA Arrival editor Alexa Schlosser talks to Doug Kennedy, president of Kennedy Training Network, about his session at this year's VRMA International Conference.
The world premiere of the docuseries ‘Homerunners‘ will be held on October 23 as part of the VRMA International Conference. Hosted by Vacation Rental Marketing Blog Founder Matt Landau, the docuseries takes a behind-the-scenes look at the $78.6 billion vacation rental industry.