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
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.