Jamie Lane sits down with Mariah Kamei this week to talk about US and Europe STR trends for March. March proved to be another month of demand gains with nights booked up 12% YOY and overall nights stayed up 16% YOY, fueled by a strong spring break. Supply increased 20% YOY, a significant slow down from 26% last month with the downward trend expected to continue. Occupancy this summer is expected to be the third highest on record behind 2021 and 2022. With the major supply increases the industry has seen in the past year, STR owners should continue to expect slowing ADR and profit growth. Record snowfall in the US has extended the ski season for many western ski areas through the end of April. Europe continues to see stronger demand growth than the US as travel continues to rebound from the pandemic.

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Read the March Market Reviews: 

US: https://www.airdna.co/blog/airdna-market-review-us-march-2023 

Europe: https://www.airdna.co/blog/airdna-market-review-europe-march-2023 

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https://www.airdna.co/vacation-rental-data/app/register 

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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-ka... 

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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 

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Find AirDNA at these upcoming events! 

https://www.airdna.co/events-airdna 

Episode 29