As 2022 comes to a close, many economic forecasters are predicting at least a mild recession in 2023. Yet data shows that the #vacationrental industry has more cause to stay optimistic than despair. This month, VP of Research Jamie Lane joins VP of Marketing Mariah Kamei to provide data-driven insights to help you prepare your #airbnbbusiness for 2023.

Demand in 2023 will continue along a more mature path, further growing by 5.5% year-over-year, and while demand rises, this will cause occupancy to continue to fall. With the rise in interest rates, growth for nights listed will be 9%, less than in 2022. Economic pressures and inflation-weary consumers will lead to small ADR gains of 1.7% in 2023. This is why we recommend keeping pace with your competitors and changing your pricing throughout the season. Still, have questions? Tweet Jamie Lane @Jamie_Lane for data-driven responses!

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Read the Full Outlook Report:

https://www.airdna.co/blog/2023-us-short-term-rental-outlook-report?utm_source=podcast&utm_medium=social&utm_campaign=2023Outlook

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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

Episode 11