Tourism economy

January 2021 us short term rental booking record From AirDNA

The following is the January 2021 us short term rental booking record From AirDNA recommended by And this article belongs to the classification: Tourism economy.

In January 2021, the number of new bookings for short-term rentals in the United States soared to a record high, even exceeding 22% in June 2020.

January is the most popular month for traditional short-term rentals. 2021, it turns out, is no different. The coastal and mountainous tourist destination market generated 64% of booking value in January. In 2017-2020, the proportion is only 52%.

Despite the increase in revenue from new bookings, travel data for January showed that short-term rental income in the United States was 27% lower than in 2020. This is the biggest drop since April 2020, when incomes fell 32%.

At the market level, only four of the 50 largest short-term rental markets saw revenue growth in January: California’s big bear market (up 98.5%), New York’s lower Hudson Valley (up 67.7%), Fort Gatling / Pittsburgh, Tennessee (up 41.6%) and Lake Tahoe, California (up 12.3%). In these markets, demand for family like amenities drives ADR (occupancy rate = number of rooms sold divided by number of rooms available for sale in the same period) up.

In the past year, ADR of large space in the United States has been growing. The demand for studio units will continue to decline from March to November 2020, and the demand for studio units will continue to decline by 25% in January to November 2020.

Outlook – recovery in sight

Airdna expects short-term rental bookings in the United States to hit an all-time high in the spring and summer, driven by pent up travel demand.

Read more: airdna: global holiday rental bookings soar to more than 2 million Cbndata: 2018 young people’s rental big data report (with download) talking data: 2019 online service industry report (with download) 2018 China’s tourism and food consumption power white paper ACSI: American Airlines’ satisfaction index rises to the highest level in a decade World Tourism Organization: international tourists drop 74% in 2020 STR: Australia’s hotel occupancy rate in December 2020 ranges from 33% to 56% Ministry of tourism of India: tourism statistics of India in 2019 WTO: the number of international tourists is expected to drop by 58% this year 49% of tourism industry reports: increasing revenue by unlocking potential global distribution system (GDS)

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