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PressU.S. Market Review: May Demand Surges and Supply Slows. Is Occupancy on the Mend?
June 24, 2024
Bram Gallagher
ARTICLE SUMMARY
May short-term rental (STR) performance highlights strong recovery and growth in the industry, driven by rising demand and increased summer bookings, particularly in coastal and rural areas. Despite challenges in urban markets due to high interest rates and stricter regulations, the overall trend points to a robust and promising summer season.
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.
