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Competition for Leisure Guests Heats Up Between Hotels and Short-Term Rentals
AirDNA | November 14, 2022
DENVER, Nov. 14, 2022 -- A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. During the pandemic, the U.S. short-term rental sector used its supply flexibility to recover faster than hotels, especially in coastal and mountain destinations, pushing rentals' market share to a record 17% of total lodging in summer 2020. Hotels retargeted towards leisure guests to reclaim demand, focusing on urban areas, pu...
STR, AirDNA Release Full Analysis of Hotels and Short-Term Rentals
STR | August 11, 2020
HENDERSONVILLE, Tennessee—The hotel industry has made promising weekly gains in occupancy since its low point of the COVID-19 pandemic, while short-term rentals are nearing last year’s levels in revenue per available room (RevPAR), according to a joint analysis of 27 global markets by STR and AirDNA. The full analysis is available at: https://str.com/whitepaper/covid-19-impact-on-hotels-and-short-term-rentals-airdna To measure the impact of the global pandemic on the two hospitality segments, STR and AirDNA analyzed performance of traditional hotels, hotel-comparable short-term rentals (studios and 1-bedroom units) and larger short-...
STR, AirDNA Analysis of Short-Term Rentals and Hotels in 27 Global Markets
STR | July 22, 2020
HENDERSONVILLE, Tennessee and DENVER, Colorado—Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA. The full analysis will be made available via each company’s website and through press release distribution during the coming weeks. Additional preliminary findings will be shared this Thursday, 23 July, via a Cloudbeds webinar featuring Scott Shatford (AirDNA founder and CEO) and Robin Rossmann (STR’s managing director). For the purpose of the analysis, STR and AirDNA looked specifically a...
Airbnb’s Market Share: U.S. Lodging Demand Analysis
Hans Detlefsen | June 20, 2019
By Hans Detlefsen In this article, Hotel Appraisers & Advisors (HA&A) estimates Airbnb’s market share of U.S. lodging demand. This year’s edition of our study differs from prior publications in two major ways. Firstly, we isolate data from Airbnb, while excluding data from other, smaller home-sharing companies that were included in prior publications. Secondly, we have focused our analysis on Airbnb demand that we believe is most like traditional hotel lodging demand. We exclude, for example, the rental of shared rooms or rooms with shared living quarters. Since its creation in 2007, Airbnb has become a dominant channel for ...
Airbnb’s Market Share of U.S. Lodging Demand Increasing at a Decelerating Rate
Hans Detlefsen | April 25, 2018
By Hans Detlefsen Since 2007, when Airbnb was created, the U.S. lodging industry has experienced a rapid increase in both traditional hotel demand and lodging demand occurring in the sharing economy. Airbnb has become a dominant channel for listing available lodging units in the sharing economy.[1] In this article, Hotel Appraisers & Advisors (HA&A) estimates Airbnb's market share of U.S. lodging demand, measured by room nights booked. We also discuss historical growth rates and the recent deceleration of Airbnb's demand growth pace. HA&A collaborated with AirDNA[2] and relied on numerous other data providers, such as STR, S...
