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AirDNA Data: US Michigan Honor

How is Honor performing?

63

Good
Market Score

73

Investability

56

Rental Demand

56

Revenue Growth

8

Seasonality

51

Regulation

Annual Revenue

$17.2K

+3%

past year

Occupancy Rate

43%

+4%

past year

Average Daily Rate

$250.4

+3%

past year

Revenue per Available Rental (RevPAR)

$129.7

+6%

past year

Honor Performance Details

Total available listings

236

+3%

past year

Listings by rental channel

Channel

Airbnb (46%)

Vrbo (31%)

Both (22%)

Listings by rental size

Bedrooms

1 Bedroom (27%)

2 Bedroom (33%)

3 Bedroom (22%)

4 Bedroom (13%)

5+ Bedroom (5%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (61%)

91-180 nights (25%)

181-270 nights (8%)

271-365 nights (6%)

Listings by rental type

Type

Entire Home (95%)

Private Room (5%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (14.8%)

Moderate (43.6%)

Strict (31.8%)

Super Strict (9.7%)

Listings by Minimum Stay

1 Night (4.7%)

2 Nights (37.7%)

3 Nights (23.7%)

4-6 Nights (7.2%)

7-29 Nights (8.9%)

30+ Nights (17.8%)

What amenities do listings have?

Parking

91%

Kitchen

85%

Tv

78%

Heating

77%

Wireless Internet

75%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Vacasa
10-0.1%56
4.34
Northland Vacation Rentals
1-0.5%7
4.70
Agape Vacation Rentals
11.0%4
4.75
Rental Management One
10.0%7
4.55
Evolve
10.0%60
4.70

Occupancy

Occupancy Rate

43%

+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

$1,715,706

+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)

$43

+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

$43

-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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USA

+1 (720)372-2318

1321 15th St. Denver, CO 80202


Spain

+34 932 205569

Carrer de Muntaner 292 6.2, 08021 Barcelona