Short-term rental demand hit a record high in July, with 26.4 million nights booked, up 3.6% from last year, according to AirDNA. Despite economic headwinds, Americans prioritized summer travel, favoring larger, high-end properties. AirDNA reported demand for six-bedroom homes grew 13 times faster than one-bedrooms. Revenue per available rental rose 5.7% to $237. Maui led revenue growth with a 17.3% year-over-year jump, followed by Hilton Head and Charleston, South Carolina. While international demand, especially from Canadian travelers, fell sharply, strong domestic interest filled the gap. Looking ahead, interest rate cuts could drive renewed investment in short-term rentals.

Summer vacation is usually like the last thing someone's willing to give up. It's going to take a lot to cause people to pull back on those type of vacations.

AirDNA reports record U.S. short-term rental demand in July, with Maui, Hilton Head, and Charleston leading in revenue growth.

Record-High Demand for Short-Term Rentals Raises Hopes for Labor Day and Beyond—and These Markets Offer the Biggest Returns

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Record-High Demand for Short-Term Rentals Raises Hopes for Labor Day and Beyond—and These Markets Offer the Biggest Returns