Consistency Within Your Brand with Sean Breuner

In this week's episode, Jamie Lane chats with Sean Breuner, CEO of AvantStay, about what's driving the company's rapid growth and where he sees the short-term rental market going in the next five years.

AvantStay is part of a new generation of property management firms that have quickly become big players in the STR scene. Operating in 45 markets and around 120 cities, the company's aim is to bring hotel-level consistency and high-quality experiences to homes across the U.S. One of the challenges with OTAs like Airbnb and VRBO is the inconsistent quality of stays, and AvantStay aims to fix that. Data shows they've climbed to the top ranks of hospitality brands in the country when it comes to net promoter scores. Sean highlights the importance of consistent guest experiences in their quick rise to the top.

As for the future, Sean shares his thoughts on the next five years in the STR market. He doesn't see travel slowing down and considers it a recession-proof business, especially in areas that are easy drives from big cities—places where AvantStay is looking to expand. Sean is optimistic about the industry growing steadily in the years ahead, as people continue to value experiences.

You don't want to miss this episode!

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Visit AvantStay

www.avantstay.com

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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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August U.S. Market Review with Paralee Walls

In this week's episode, Jamie sits down with Paralee Walls, co-host at STR Data Lab and VP of Marketing for AirDNA. Before diving into the August data, Paralee unpacks her Oktoberfest experience in Munich, which Jamie reveals saw a 30% surge in demand and a 20% increase in ADRs compared to last year.

Although August sits squarely in the peak of summer travel, demand didn't sizzle as much as in July. We witnessed another month of declines: RevPAR dipped by 4%, and occupancy fell by 4.2%, reaching 60.4%. This marks the first time since July 2020 that we've dipped below past occupancy levels. However, Jamie notes that external factors, like the Maui fires and the hurricane in Florida, caused some travelers to adjust their plans, potentially skewing the data. Excluding those areas, we're still ahead of 2019 figures. Nevertheless, growth rates are showing signs of slowing—from 9.5% in July to 9% in August, when Maui and Florida are left out of the equation.

Despite these trends, Jamie points out that there is no significant decline in fall bookings. On the international front, demand remains strong, but inbound U.S. travel seems to be tapering off, likely influenced by the U.S. dollar and metro-area regulations. While New York has seen a 77% drop in short-term listings due to new regulations, the city has experienced a 58% uptick in long-term stays, indicating that properties aren't going off the market.

You don't want to miss this episode!

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August US Market Review:

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

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Signup for AirDNA for FREE👇

https://app.airdna.co/data

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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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