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PressU.S. Review October 2024: Demand Surges Amid Slowing Supply Growth
November 18, 2024
Bram Gallagher
ARTICLE SUMMARY
October marked a pivotal month for the U.S. STR market, as stabilized supply growth and rising demand pushed occupancy closer to pre-pandemic levels. With hosts regaining pricing power and year-end demand pacing strong, the market is poised for a promising close to 2024.
Bram Gallagher
AirDNA Director of Economics and Forecasting
Bram Gallagher is an Economist at AirDNA, specializing in uncovering insights that drive smarter short-term rental decisions. He put his Ph.D. in Economics from the University of Georgia to work researching and forecasting hotel data with CBRE prior to joining AirDNA, as well as teaching economics at a number of universities. In his spare time, Bram enjoys making wooden furniture with hand tools.
