Short-Term Rental Occupancy Is Both Up and Down — Depending On the Data
Skift Take
Rising supply is a good as long as there is demand at a price that consumers are willing to pay. If not, we are looking at a softening market.
Depending on the data you trust, occupancy of short-term rentals is both up and down.
And they’re both true — it’s a matter of when (season) and where (region).
A recent short-term rental mid-year outlook from AirDNA predicted a 3% decline in occupancy for 2023. Another firm, Beyond, said that occupancy for July was pacing about 5 points below levels in July 2022.
But, according to data released by Transparent/OTA Insight this week, occupancy levels were 12% higher in the first quarter than in than the same period in 2020. And looking ahead, it said occupancy levels in key markets would be up 31% through the end of summer.
There are a number of reasons for the differences, including base-year comparison and
