In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, and his co-host Scott Sage, VP of Marketing & Customer Experience, analyze the latest earnings reports from Airbnb and Expedia, offering a detailed analysis of key metrics and trends shaping the short-term rental industry. They start by dissecting Airbnb's performance and comparing AirDNA's estimates with the reported figures for metrics like total nights booked, gross booking value, revenue, and active listing growth. Remarkably, AirDNA's projections closely match Airbnb's disclosed outcomes, highlighting the accuracy of their data insights.

Moving on to Expedia's earnings, specifically focusing on Vrbo, Jamie and Scott discuss the slower growth in bookings and listings for Vrbo in 2023. They highlight the impact of Expedia's integration efforts and marketing strategy adjustments on Vrbo's performance, along with promising initiatives like the new loyalty program aimed at driving future growth in supply and bookings.

The episode wraps up with a comprehensive review of AirDNA's January market insights for the U.S. short-term rental sector. Despite a slight decline in demand and a slowdown in supply growth, Jamie and Scott identify key market trends, such as the influence of severe weather conditions on travel patterns and the continued popularity of warmer destinations during the winter season. They anticipate a gradual improvement in Average Daily Rates (ADR) as the industry adjusts to seasonal changes, ultimately forecasting a positive outlook for the short-term rental market in 2024.

You don’t want to miss this episode!

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LinkedIn: https://www.linkedin.com/in/jamiehlane/ 

Twitter: https://twitter.com/Jamie_Lane 

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Linkedin: https://www.linkedin.com/in/sagescott

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Episode 70