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U.S. Market Review: Demand Stays Strong as Occupancy Softens

July 21, 2022

U.S. STR Occupancy Normalizing in 2022

U.S. New Short-Term Rentals Peaked in May, Down in June

ADR Growth Highest in Urban Areas in June

ARTICLE SUMMARY

U.S. short-term rental occupancy remained down from last year’s record highs in June 2022, though demand stayed strong (+16.3 YOY). The influx of new supply is pushing occupancies down particularly in destination and resort markets across the country.

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