"There's going to be a bit more stability," Bram Gallagher, the director of economics and forecasting at AirDNA, told Business Insider. "The market is in a more mature phase compared to where it was five, even 10 years ago."
AirDNA measures a rental's expected revenue using RevPAR - or revenue per available rental, which combines a unit's average daily rate with its region's occupancy rate. For two years, the average RevPAR declined, meaning hosts could expect to bring in less revenue than the year prior. RevPAR forecasts for 2025 have turned positive.
Demand for short-term rentals, as measured by the number of nights booked, grew 7% compared with 2023. Occupancy rates... have been relatively constant since.
Hosts have been adjusting their expectations ever since, sometimes lowering prices to remain competitive.
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