STR Data Lab™ by AirDNA: Recent Episodes
Jamie Lane
Whether you're on your first property or your 100th, having the right market data is crucial to starting and scaling your short-term rental business. Join Travel Economist Jamie Lane as he provides trusted insights and delves deep into the numbers that drive this multi-billion dollar industry.
In this week's episode, Jamie sits down with Marcus Rader, the Founder and CEO of Hostaway. Hostaway is a vacation rental software company that’s on the path to becoming the platform with the biggest market share in our industry. Back in 2015, before the STR boom happened, Marcus saw us heading in this direction. He noticed homeowners sitting on properties, only using them for a few weeks out of the year, and not capitalizing on them — so he decided to dedicate his career to helping STR owners. The majority of the tech in the industry was created by people within the industry, but with no experience in tech — and that’s where Hostaway is different. It was created by people who started in the tech space and know exactly what it takes to build a tech platform. Their 150 staff members pride themselves on putting the customer first, and their motto is that they’ll only build something if they can build it better than someone else. That’s how they differentiate themselves from the competition. With the industry constantly changing its rules, regulations, and ways to operate your business, Hostaway is continuously finding ways to improve their user experience and help owners thrive in this industry. Jamie and Marcus discuss where Marcus see’s the market today, as well as where he believes we’re headed for the rest of the decade. You don’t want to miss this episode! ~~~~ https://www.hostaway.com/ ~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 46
In this week's episode, Jamie sits down with Paralee Walls, the new co-host at STR Data Lab and the brand-new VP of Marketing for AirDNA. Before unpacking July's data, Paralee shares her excitement about her new role at AirDNA and her vision for leveraging data to enhance the lives of people across the industry. July was not only a hot month in terms of temperature, but also in booking trends. The month set a new record for nights spent in short-term rentals across the US, with 35.4 million nights – a 9.4% increase from the previous record set in July 2022. Although demand remains robust, its acceleration is showing signs of slowing. The first half of the year saw a 12-15% surge in demand, but July marked the first month of single-digit growth, coming in at just under 10%. Additionally, occupancy dipped by 1.3% to 69.5%, and average daily rates declined by 1% year-over-year. Given the current interest rates, finding investment properties is becoming more and more challenging. Internationally, demand is hitting record highs as travelers are increasingly willing to splurge on experiences and travel. However, travel to the US seems to be slowing, likely influenced by fluctuations in the US dollar. This trend is particularly impacting major metro cities and coastal areas that typically attract a significant volume of international visitors. We also review our rankings for the top property management companies in the US and delve into what sets these managers apart. You don’t want to miss this episode! ~~~~ July US Market Review: https://www.airdna.co/blog/airdna-market-review-us-july-2023 ~~~~ Best Airbnb Property Management Companies in the US for 2023: https://www.airdna.co/blog/the-best-airbnb-property-management-services ~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 45
In this week’s episode, Jamie sits down with Robin Simon, partner at Easy Street Capital. Starting back in 2016, Easy Street Capital has become one of the leading DSCR lenders in the industry for investment properties. They specialize in Long Term, Short Term and Multifamily rentals. With the uncertainty of the market there’s a lot of questions about what investors should be doing with their investments. Robin says that on the lending side of things he hasn’t been seeing many defaults or delinquencies on these loans and that a lot of investors who bought their properties prior to the rate hikes are able to sit on their STRs and ride out these dips due to their financing costs being so low at around 3.5-4% for a 30 year fixed. He’s not sure if the crash will ever come. In our deep dive, Robin further discusses where he thinks the market is headed as well as why you should be looking at the data versus the click-bait headlines you see online. You don’t want to miss this episode!
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Connect with Robin:
https://www.easystreetcap.com/ https://www.instagram.com/robinsimonesc/ https://twitter.com/RobinSimonESC https://www.linkedin.com/in/robinsimonesc/
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 44
In this week’s episode, Jamie sits down with Paul Kromidas, CEO and Co-Founder of Summer. Paul started his journey in the short-term rental industry working on the Lux team at Airbnb, with a mission to introduce luxury short-term rentals into the market. Despite these types of rentals being notorious for generating the lowest occupancy rates in the industry, they saw the most significant increase during the pandemic. With Summer, Paul now assists homeowners in not only finding but also investing in their dream homes, all while maintaining top-tier quality.
Summer sets itself apart with its unique business model, which extends beyond just helping you find your perfect home: they offer a spectrum of purchasing options ranging from gradual ownership, to immediate ownership, and even an innovative “try before you buy” method. Going the extra mile, Summer takes care of all design elements, furnishings, and even managing renovations. They assist homeowners in finding their ideal investment properties and, beyond that, they also manage these properties to ensure a high-end stay for their guests.
In our deep dive, we explore Paul's aspirations to help individuals break into this industry and his dedication to maintaining the quality of vacation stays.
You don’t want to miss this episode! ~~~~
Connect with Paul:
www.gosummer.com https://www.instagram.com/startsummering/ https://www.facebook.com/startsummering
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 43
This week, Jamie sits down with Avery Carl, CEO and founder of The Short Term Shop. Like many others, Avery stumbled into this industry after owning a long-term rental in Nashville and a short-term rental in the Smokies. Over time, people began to ask her about her rentals, and things organically grew into what is now known as The Short Term Shop. Avery’s real estate agency, operating under EXP, boasts a team of 70 agents across 19 vacation rental markets.
In today’s uncertain market, Avery says she sees a lot of ‘shadow demand’ for properties: people have cash on hand and are waiting for a shift in interest rates or purchase prices before making a move. She states that prices are decreasing, but not significantly, because of this.
In the episode, we discuss what it takes to own a top-tier property in today’s market and the key factors to consider when investing. Avery also deconstructs her famous "Enemy Method" and explains why it is beneficial to adopt this strategy when investing in a short-term rental.
You don’t want to miss this episode! ~~~~ Connect with Avery:
Strquestions.com TheShortTermShop.com
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 42
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!
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-ka...
~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 41
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-ka...
~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 40
Jamie Lane sits back down with Demi Horvat, CEO of AirDNA, this week who is at the IMN Conference in Austin, TX. She talks about the hot topics of the conference such as the markets resiliency, generative AI, and the different amenities/fee's that guests are talking about. Jamie addresses the viral tweet regarding the potential AirBNB Collapse and gives his perspective on the viral tweet and where he see's the market actually going. You don't want to miss this episode!
~~~~ Jamie's Tweet: https://twitter.com/jamie_lane/status/1673866745730437121?s=46&t=zbvvyU4PoVugue7tlhP4Lw
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-ka...
~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 39
On today's episode we sit down with Carolyne Beaulne, the host of That Realtor Investor Show. She got her start investing out in Joshua Tree, California. With the town having over 3 million visitors every year, Carolyne saw this national park to be her ideal spot to start her STR journey. In 2022 she was able to get 89% occupancy compared to the average of 61%. She looks to duplicate her model in multiple National Park markets around the country. She prides her success off of being resourceful for the guests and having a timely response to anything that may come up during their stay. You don't want to miss this episode!
Connect with Carolyne: https://www.instagram.com/thatrealtorinvestor/?hl=en https://www.youtube.com/channel/UCPHUKrB8U0lOWw4wkbjcOpQ https://twitter.com/carolynebeaulne?lang=en
Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co Episode 38
Michael is the host of the Short Term Rental Secrets Podcast and founder of the Short Term Rental Secrets Mastermind, a mentorship and mastermind program that helps investors launch, automate and scale their short-term rental portfolios. Michael and his wife Krysten founded Occupied, a national short-term rental investment and management company in 2017, as a vehicle to build passive income so they could stop trading away time from family for a paycheck. That vision came to fruition within 18 months when their short-term rental portfolio replaced their income and Krysten and Michael both left their corporate jobs. They are based out of Boston, MA, and currently have a portfolio of 100 short-term rental units across five states including 3 boutique hotels on Boston’s north shore.
https://strwealthconference.com/ https://www.strsecrets.com/blog https://www.instagram.com/the_airbnbguy/?hl=en
Jamie Lane sits down with Demi Horvat, CEO of AirDNA, this week to talk about the mid-year short term rental outlook report in the US. We seen another month of strong demand which was up 11.9% which was slightly up from last month, although we did see a dip in supply grown which is down to about 15%. We've also now seen 15 consecutive months of declining occupancy but those are off the record highs of 2023. Inflation has become an issue in the economy which has caused the FED to raise interest rates which has now created a slow down in investments into short term rentals. With the mixed bag of news around the industry demand remains strong. ~~~~ Skift Youtube Channel: https://www.youtube.com/watch?v=W5tdJeSuafU&list=PL0x2YrE2GNe7TBJ9QuNvg37jXNG6NA64O&index=10 AirDNA Mid-Year Outlook: https://www.airdna.co/2023-us-mid-year-short-term-rental-outlook-report
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-ka...
~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 36
When she’s not busy running day to day operations at Roami (formerly Sextant) as their COO, Brandy is co-hosting the Good Morning Hospitality podcast. With no road map or rules to follow, Brandy helped grow Roami from a bootstrapped group with a few employees to a well-run organization that came out of the pandemic with 800% growth. Her experience leading a startup in an unpredictable industry has made me adaptable and capable of taking on a constant stream of challenges with a positive attitude. Brandy is also featured in the Forbes 30 Under 30 list.
https://www.roami.com/ https://www.linkedin.com/in/brandrethcanaley/ https://www.slicktalkthepodcast.com/goodmorninghospitality
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 35
Jamie Lane sits down with Bram Gallagher, a fellow AirDNA economist. With the industry growing larger and larger everyday there's a lot of talk about regulations and what short term rentals bring to our neighborhoods. Bram breaks down the data behind how regulations effect the STR industry, how STR's can effect surrounding housing prices and also what kind of effects they can have on the local economy. You don't want to miss it!
~~~~ Signup for MarketMinder for FREE👇 https://www.airdna.co/vacation-rental-data/app/register
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
Episode 34
This week Mariah sits down with Tim Hubbard, the founder, and CEO of Midtown Stays. He walks us through how he scaled his STR business to a property management company. He talks about always having a backup plan when purchasing real estate. Learn what the biggest fail is as an Airbnb host, how to navigate regulations, what the potential future of the STR business is, and more on this week's episode!~~~~Listen to Short-term Rental Riches: https://strriches.com/~~~~Check out Rest Methods: https://restmethods.com/ ~~~~Connect with Mariah on LinkedIn:LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
Jamie Lane, VP of Research, and Mariah Kamei, VP of Marketing, share implications for hosts and guests in the aftermath of many Airbnb updates. In addition to posting really strong Q3 financial reports, with 29% revenue growth year-over-year, the company also shared a slurry of updates in their Winter Release. Airbnb solidified its commitment to growing listing supply by taking short-term rentals into the mainstream.
Traditionally the value proposition for STRs has been their Value (compared to hotels), but Airbnb’s “All-in Pricing” update may actually contradict that stance. For example, on average, a 1-bedroom STR in urban areas is 30% less expensive than a hotel. Still, cleaning fees, on average, represent 15% of the reservation price and another 15% going to service fees, putting it more on par with the hotels. Will Airbnb’s efforts to go mainstream damage its value proposition? Time will tell, but we can tell you today that staying one step of their algorithm is key to long-term success in the short-term rental business.
Huge thank you to our podcast producers at hospitality.fm!
~~~~ Highlights from the AirDNA October U.S. Market Review:
Available listings reached 1.37 million – up 23.3% YoY and +10.7% vs. 2019
Total demand rose 21.3% YoY and sits 30.8% higher vs. 2019
Occupancy declined 1.9% YoY to 56.7% but is up +12.8% vs. 2019
Average daily rates rose 5.2% YoY to $254 and are up 31.3% vs. 2019
Total revenue was 27.6% higher YoY and is up 71.7% vs. 2019
Nights booked for future travel were up 15.8% YoY to 15.4 million
~~~~ Thanksgiving Holiday Performance to date:
Nearly two million nights have been booked for this Thanksgiving weekend (Thursday through Sunday), which is 16.4% higher than in 2021 and 29.9% higher than in 2019. The average daily rate paid is $304, up 33.3% from 2019, with growth year over year at 4.6%.
~~~~ Read the Airbnb Quarterly Finacial report https://news.airbnb.com/airbnb-third-quarter-2022-financial-results/#:~:text=Q3%20net%20income%20of%20%241.2,in%20the%20last%20twelve%20months.
~~~~ Read how the strength of STR supply growth has continued year over year for most countries: https://www.airdna.co/blog/short-term-rental-supply-reaches-record-levels-in-2022
~~~~ Read “Beating the #Airbnbust: 5 Tips for Improving Your Bookings : https://www.airdna.co/blog/beating-the-airbnbust.
~~~~ Learn about the Phocuswright Conference: https://www.phocuswrightconference.com/
~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-kamei/
~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
This week Jamie Lane sits down with the Co-Founder and CEO of Placemakr, Jason Fudin, and they walk through Placemakr’s multiple business models. Placemakr has a future-focused model and a few different strategies on how they plan to get there. From pop-up hotels to short-term rentals to mid-term rentals and more, Placemakr is adapting to the way we have started to live and travel.
Jason navigated through COVID, and his business succeeded because they could lean into different strategies and quickly adapt. Is this the future of real estate? Will more competitors join Placemakr on their journey to blur the lines between hospitality and home?
About Placemakr Whether you’re with us for a day or a year, staying in a pop-up hotel or an apartment, Placemakr is blurring the lines between hospitality and home. With convenient tech, hotel amenities, and plenty more, it’s a whole new way to stay. ~~~~ Check out Placemakr: LinkedIn: https://www.linkedin.com/company/placemakr/ Instagram: https://www.instagram.com/placemakr/ Website: https://www.placemakr.com/ ~~~~ Potato and Egg Quote: “The same boiling water that softens the potato hardens the egg. It's about what you're made of, not the circumstances.” ~~~~ Connect with Jason on LinkedIn: https://www.linkedin.com/in/jason-fudin-16613ba/ ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
From college to working in tech to then pivoting to real estate, Jonathan’s STR journey has been a wild one, and after this episode, you’ll want to dive head-first into starting your first short-term rental (STR) too.
Jonathan Farber joins us this week to dive deeper into what it takes to own, scale, and improve your STR business. This week you will learn how he started his business, how he was able to quit his 9-5, how to hire virtual assistants, and so much more. He also talks about how it is key to higher help earlier on if you want to scale your business faster.
Jonathan gives us the inside scoop on house hacking and how it could benefit people at any age. He may also give you tips on how to decide if certain real estate investments actually make money or not.
Connect with Jonathan: TikTok: https://www.tiktok.com/@jonjfarb Instagram: https://www.instagram.com/jonjfarb/ Website: https://jonfarber.co/
Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-kamei/
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
This week Jamie Lane sits down with the Founder and CEO of Vector Travel, Mickey Kropf to unveil how a niche business model has driven so much success! Mickey walks us through the ups and downs of owning and scaling an STR management company. He also explains how you need to be flexible when working with partners in numerous industries, including the student housing industry, multifamily industry, timeshare industry, and more. About Vector Travel: Vector Travel is a full-service short-term rental management company designed to partner directly with the multifamily industry to provide clients with a new source of NOI while solving vacancy loss. Vector Travel utilizes proprietary revenue management strategies to generate maximum returns across all major travel platforms and shares the majority of rental income with its clients. ~~~~ Check out Vector Travel: LinkedIn: https://www.linkedin.com/company/vectortravel/ Website: https://vectorstays.com/ ~~~~ Connect with Mickey on LinkedIn: LinkedIn: https://www.linkedin.com/in/mickey-kropf-a259507/ ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane
We’re here to answer the question everyone is asking, is the AirbnBUST really happening? Are bookings down? What about occupancy? How do hotels and STRs size up to each other? Is revenue management actually important? This month, VP of Research, Jamie Lane joins VP of Marketing, Mariah Kamei to provide data-driven answers to these questions and more. With 26.6% more nights stayed than in the same month in 2019. September was the strongest month for demand growth compared to 2019 levels since the start of the pandemic. Average daily rates also continued to grow, 5.6% YoY. Occupancy only declined 1.2% YoY to 58.1% but is up +11.1% vs. 2019. And available listings reached 1.38 million – up 23.2% YoY and +8.7% vs. 2019. ~~~~ Read the Full US Market Review: https://www.airdna.co/blog/airdna-market-review-us-september-2022?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8 ~~~~ Read the Europe Market Review: https://www.airdna.co/blog/airdna-market-review-europe-september-2022?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8 ~~~~ Read “How to Finance Your Vacation Rental: A Step-by-Step Guide”: https://www.airdna.co/blog/how-to-finance-your-vacation-rental?utm_source=podcast&utm_medium=social&utm_campaign=MarketReview_V8 ~~~~ Read the BuzzFeed Article: https://www.buzzfeed.com/alexalisitza/airbnb-bookings-down-twitter-reacts ~~~~ Read about the Consumer Pricing Index: https://www.bls.gov/news.release/cpi.nr0.htm ~~~~ What We’re Listening To: On with Kara Swisher: https://open.spotify.com/episode/0d1YiwardUKhMRIbMz8xip Sarah and T: https://sarahandt.com/ ~~~~ Jamie’s Semi-Viral Tweet: https://twitter.com/Jamie_Lane/status/1582715590753779712 ~~~~ Learn about the Book Direct Show: https://bookdirect.show/ ~~~~ “Jump the Shark” phrase of jump INFORMAL reach a point at which far-fetched events are included merely for the sake of novelty, indicative of a decline in quality. ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Mariah on LinkedIn: LinkedIn: https://www.linkedin.com/in/mariah-kamei/ ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co
From owning, to arbitraging, to co-hosting, he has dabbled in it all. On this week’s episode, Mariah sits down with our first guest, Braydon Ross, to talk about what it takes to start your very own short-term rental business. Braydon started his career by going to University and quickly realized that path wasn’t for him. He saved up to buy his first investment property and quickly realized how expensive operating and owning can be. That led him to Airbnb arbitrage! Braydon gave us very candid moments from his early days of Airbnb operation, showing us the failures he had that allowed him to learn, grow, and be successful in this business. He explains what Airbnb co-hosting it is, how you can get started, and how it differs from property management. He also shows us that there really is a low barrier to entry, and anyone can start you just have to know the proper steps to take. Along the way, Braydon offers practical advice and lots of inspiration for innovation in the industry! Connect with Braydon, aka Mr. Airbnb, on Instagram: https://www.instagram.com/mrairbnb/ Huge thank you to our podcast producers at hospitality.fm!
If we go into a recession, will it be as bad as prior ones? Will the hospitality industry take a hit? Should you be investing in real estate right now? Is the latest news from the Federal Reserve keeping you up at night? You’re not alone. In our first-ever episode of the STR Data Lab, Mariah Kamei and Jamie Lane discuss what past recessions can tell us about the current economic market. This episode covers these burning questions from two perspectives–travel demand and housing prices. In previous recessions (2001 and 2008), the consumer was more likely to stray away from travel, but at the moment, this seems unlikely to happen. And luckily, the short-term rental industry offers a wide variety of accommodation types and price points to match the wallet size of many travelers. Additionally, a shift in the housing market will create some opportunities. Over the past three years, we have watched housing prices increase by 42%. With the potential price decline, you may just be able to find a long-term investment in your price range. Huge thank you to our podcast producers at hospitality.fm!
Welcome to the STR Data Lab by AirDNA!
Whether you're on your first property or your 100th, you need the right market data to start and scale your short-term rental business. Enter travel economist and data gangster Jamie Lane and his sidekick Mariah Kamei. Tune in to get the real story and trusted insights behind the numbers driving this multi-billion dollar industry.