Destinations

Global Hospitality Summer Outlook 2023: Explore flight, short-term rental & hotel trends

We dive into the hospitality industry’s most comprehensive data set once more to bring you our Global Hospitality Summer Outlook 2023. Below we review some of the highlights from the full report, which explores flight search data and occupancy and pricing trends for both hotels and short-term rentals, as well as a look ahead at key events this summer. Click to jump to excerpts from the chapters:

Destinations

Top short-term rental destinations in the United States, Europe and Latin America

In order for DMOs to attract visitors to their destinations, it is crucial that they have their finger on the pulse of capacity, demand, traveller origin, seasonality and more to inform their actions. Transparent data provides that visibility, and here we demonstrate one aspect of our data insight – demand growth. Below we discuss the top short-term rental destinations in the United States, Europe and Latin America.

Destinations

What are the best and worst airports in the US right now? And why is this analysis important for DMOs?

What are the best and worst airports in the US right now? We looked at answering this question using review data pulled from Google Maps.

But why is this sentiment analysis important for DMOs? The goal of this analysis is to showcase the possibilities behind NLP on top of google maps review data and demonstrate the potential advantages for Tourism Organizations and DMOs to start measuring sentiment through review data.

Property Management

Non-professional vs professional vacation rental hosts: how are professional management companies better?

The business opportunity of rental arbitrage is clear – property management companies are still booming – investing in property or serving owners seeking higher ROIs than long lets. But what does this professionalisation mean for the industry? Do professionally managed short-term rental listings perform as well as those hosted by non-professionals? Are there disparities in the demand types they experience or trends in ratings? What can PMCs learn from the amateurs?

Destinations

How are urban & rural short-term rental markets performing in 2023?

It has been repeatedly reported throughout COVID recovery that non-urban destinations were drawing demand away from urban markets. However, as we enter 2023, how are the 2 ‘sectors’ comparing? In this article we review supply evolution and ADR evolution, as well as on the books occupancy and advertised pricing for Q1. So, how are urban & rural short-term rental markets performing in 2023?

Property Management

Sustainable listing badges increase short-term rental occupancy – but have property managers realised?

Travel is under particular scrutiny for sustainability. As a result, travellers are seeking sustainable options and hosts wish to make better choices and be highlighted as having done so. Furthermore, rises in energy costs are providing further motivation. So, how sustainable are short-term rentals, and do sustainable listing badges increase short-term rental occupancy?