Vacation rentals are primed for another golden age, and supply can tell the story. We take a look at the vacation rental supply evolution we’ve tracked in top cities from January 2019 to November 2021, including the pandemic. We also analyse the impact of regulations on inventory in those cities under most regulatory pressure.
Now the other side of COVID restrictions, with even the requirement for testing being dropped for international visitors, what do US vacation rental guest demographics look like?
We chart the rise in domestic guests in US vacation rentals in 2022. Where does your market sit? How should it impact your property management?
While the pandemic played havoc with travel liberties across the globe, restrictions were somewhat less stringent in the United States. As a result, Summer 2022 appetite has been slightly curtailed compared with Europe for example. We have analysed Summer occupancy in top US vacation rental markets to identify those performing best and worst.
Just 6 months to go until the FIFA World Cup! We’ve seen the effects of international events in certain markets (Champions League final). So, what is the impact of Qatar 2022 World Cup on short-term rentals? We explore current vacation rental data for not just Qatar, but neighbouring Arabian nations also, including occupancy, pricing & supply.
For property managers, one of the most challenging dimensions of short-term rental pricing strategy is events. One-off events are especially difficult to handle, with property managers blind as to the levels of demand that can be expected without historical data & how to build strategy optimally. Forward-looking data can demystify the picture, so, let’s explore the impact of the 2022 Champions League final on Paris short-term rentals: What’s the change in pricing & occupancy?
How do you choose the right price for your short-term rental? We talk seriously about setting optimal variable rates. In reality that ‘right price’ will look different on a different platform or date. This is the fundamental principle of dynamic pricing.
Setting optimal variable rates is crucial to a vacation rental property manager’s bottom line. And, while there’s data to inform and automated pricing tools to implement these rates, it pays to understand the principles. So why not read on?!
In Q1, our tracked continents registered positive vacation rental reservations with respect to pre-covid levels for the first time. The headline: short-term rental demand has exceeded pre-pandemic levels. We wipe the slate clean to look at demand trends facing vacation rental property managers in 2022. To mark this moment, we have launched a brand new vacation rental data tracker. It’s a free resource, where you can explore more of the insights below.
As vacation rental supply & demand continue to burgeon, traditional hospitality businesses & their competitive understanding have had to evolve; as have the operations that support them. Hotels & short-term rentals, along with hospitality data provision, are converging.
Why should you be looking cross-sector, and how will data convergence help you?
Vacation rental data shows unprecedented demand sweeping the sector. Questions resurface about how standardized the rental experience is. How do they compare with hotels for example, and how often your trip is managed by a professional property manager? So how professionalized are short-term rentals? Read on for a deep dive into the professionalization of short-term rentals across world regions and cities, and the the overall trends since 2018.