"As Labor Day approaches, there is a surge in demand for short-term rentals in coastal areas of the U.S., indicating a strong desire among travelers for one last summer getaway. Despite economic uncertainties, Americans are indulging in travel, with July bookings reaching record levels, according to the latest data from AirDNA. The preference for larger and more expensive rental properties, especially in coastal regions, has been notable. While occupancy rates slightly dipped due to increased listings, total nights booked rose year over year."
"Demand for short-term rentals in the U.S. soared in July, with a record 26.4 million nights booked, driven by Americans seeking summer vacations."
"International demand for short-term rentals in the U.S. declined by 16%, with Canadian stays decreasing by over 48% due to geopolitical tensions and trade wars."
Short-term rental demand surged in U.S. coastal areas ahead of Labor Day as travelers sought final summer getaways. July bookings reached record levels, totaling 26.4 million nights. Travelers showed a notable preference for larger, more expensive rental properties, particularly six-plus-bedroom coastal listings. Occupancy rates dipped slightly because of an increase in available listings, while total nights booked rose year over year. International demand declined roughly 16%, and Canadian stays fell by more than 48% amid geopolitical tensions and trade disputes. Major revenue growth markets included Maui and Hilton Head Island with notable gains in Maui.
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