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AirDNA Data: Provo

How is Provo performing?

70

Good
Market Score

43

Investability

59

Rental Demand

39

Revenue Growth

68

Seasonality

59

Regulation

Annual Revenue

$18.9K

+3%

past year

Occupancy Rate

35%

+4%

past year

Average Daily Rate

$201.1

+3%

past year

Revenue per Available Rental (RevPAR)

$93.7

+6%

past year

Provo Performance Details

Total available listings

1,752

+3%

past year

Listings by rental channel

Channel

Airbnb (74%)

Vrbo (11%)

Both (15%)

Listings by rental size

Bedrooms

1 Bedroom (35%)

2 Bedroom (25%)

3 Bedroom (20%)

4 Bedroom (9%)

5+ Bedroom (11%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (79%)

91-180 nights (7%)

181-270 nights (5%)

271-365 nights (9%)

Listings by rental type

Type

Entire Home (80%)

Private Room (19%)

Shared Room (1%)

Listings by Cancellation Policy

Flexible (37.0%)

Moderate (34.2%)

Strict (25.6%)

Super Strict (3.1%)

Listings by Minimum Stay

1 Night (4.2%)

2 Nights (24.7%)

3 Nights (10.5%)

4-6 Nights (3.4%)

7-29 Nights (3.2%)

30+ Nights (54.0%)

What amenities do listings have?

Wireless Internet

90%

Kitchen

89%

Heating

88%

Parking

84%

Tv

82%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Stewart Mountain Lodging
370.2%613
4.94
Aspenwood Manor
230.0%691
4.83
Amerifirst Financial, Inc
15-0.2%1334
4.84
Evolve
120.3%270
4.89
PMI Park City
10.0%26
4.85

Occupancy

Occupancy Rate

35%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$1,885,887

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$35

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$35

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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