U.S. Review March 2025: Smooth Sailing in March, With Tariffs on the Radar
April 16, 2025

Bram Gallagher
ARTICLE SUMMARY
March 2025 was a steady month for the U.S. short-term rental market, even without the usual holiday travel boost. Demand continued to rise modestly, ADRs inched upward, and new listings kept climbing. Behind the calm, though, hosts are watching bigger forces—from tariff tensions to shifting consumer confidence—that could shape the months ahead.

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.