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You Take Revenue to the Bank, not ADRs or Occupancy

You Take Revenue to the Bank, not ADRs or Occupancy

FromSTR Data Lab™ by AirDNA


You Take Revenue to the Bank, not ADRs or Occupancy

FromSTR Data Lab™ by AirDNA

ratings:
Length:
23 minutes
Released:
Dec 22, 2022
Format:
Podcast episode

Description

What areas are seeing the highest amount of demand? Two hundred fifty thousand new jobs were added in November; does that mean there is a smaller chance of a recession? Are ADRs going up or down? Are people still buying second homes when the interest rates are this high? This week we answer all these questions and more with Jamie Lane and Mariah Kamei!

In November, nights booked increased 13% year-over-year, but this is the weakest reading that we have seen in 5 months. People are still traveling and are looking forward to exploring more hidden gems next year because demand is here to stay in the small-town rural areas. Urban markets are also making a comeback in the year to come; people are ready to explore cities again. 

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Read the November Review: 
https://www.airdna.co/blog/airdna-market-review-us-november-2022

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Latest BLS Jobs Report:
https://www.bls.gov/news.release/empsit.nr0.htm

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Latest Inflation (CPI) Report: 
https://www.bls.gov/news.release/cpi.nr0.htm

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Federal Reserve FOMC Statement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm

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Market Recovery Monitor from Smith Travel Research: https://str.com/data-insights-blog/market-recovery-monitor-week-ending-10-december

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TSA Passenger Throughput: 
https://www.tsa.gov/coronavirus/passenger-throughput

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Connect with Jamie on LinkedIn and Twitter: 
LinkedIn: https://www.linkedin.com/in/jamiehlane/  
Twitter: https://twitter.com/Jamie_Lane 
 
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Connect with Mariah on LinkedIn:
LinkedIn: https://www.linkedin.com/in/mariah-kamei/ 

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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

Huge thank you to our podcast producers at hospitality.fm!
Released:
Dec 22, 2022
Format:
Podcast episode

Titles in the series (80)

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.