Summer Travel Season with Demi Horvat
Jamie Lane sits back down with Demi Horvat, CEO of AirDNA, this week to talk about AirDNA's acquisition of Arrivalist, the leading provider in Location Intelligence. They also discuss the reoccurring topic of if we're going to see a recession in the back half of 2023. According to the latest economic data, Jamie doesn't see that happening just yet. The US created 209,000 jobs in June, Inflation came in lower than expected at 3%, and the producer price index increased only 1%. Although the FEDs rate hikes seem to be working they discuss the reason why people are still skeptical due to the lag that these rate hikes could have on the economy. On top of that, they also discus the overall industry outlook and where it looks like things are headed. We had another strong month for booking activity, we saw nights booked go up by 25%, we saw another month of declining occupancy although it's only down 1.1% year over year, and then we also saw a weakness in ADRs which is up just over 1%. As we enter the second half of the year there's a lot of things to look out for! You don't want to miss this episode!
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