Despite high inflation and an elevated risk of recession, according to some analysts, demand for travel—especially for short-term rental (STR) stays—has grown substantially throughout the first half of 2022 and is likely to continue into the last half of the year.
STR Revenue Premium Hits a Four-Year Low as Interest Rates Rise
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ADR gains have been highest in urban and suburban areas, where hosts are able to take advantage of rising occupancy and recovering demand.
Last year proved to be record-setting for the short-term rental (STR) market in the U.S.; however, in recent months, we’ve seen the American economy drift toward potential recession. This is where AirDNA’s mid-year Outlook Report comes in. Here, we cut through all of the static and provide a clear update on how today’s economic trends will (or will not) impact the future of your STR business.