Calculate Revenue
Research Markets
Find For Sale Properties
Compare My Listing
Airbnb Revenue Calculator
Custom Comp Sets
Submarket Insights
Custom Search Filters
Rate Recommendations
Performance Benchmarking
Competitor Comparison
Property-level performance data
Tourism Insights
Real Estate Investment Analytics
Individual Plans
Business PlansSeptember U.S. Market Review with Bram Gallagher
In this week's episode, Jamie sits down with Bram Gallagher, a fellow economist at AirDNA. Together, they unpack September's U.S. market data and share a pulse check on the industry as we navigate the year's final quarter.
After August's industry-wide dips, September brought welcome surprises. Demand rose to 12.2%, and revenue increased to 15.1%, signaling that last month's downturn was more of a blip than a trend. However, we've now seen 19 months of continuous decline in occupancy, although recent figures suggest we're on the mend—moving from -4.2% to -1.2% compared to 2019 levels. ADRs are also bouncing back, with a 2.6% upswing.
Jamie and Bram then set their focus on pivotal economic indicators, providing a rich context to understand the market’s trajectory. A robust job report keeps unemployment stable at 3.8%, which could prompt the FED to reconsider interest rates. Geopolitical tensions in the Middle East could exert pressure on energy prices, possibly leading to inflation. On a brighter note, as the U.S. dollar eases, we're witnessing a rebound in foreign travel—now accounting for 7.4% of total exports, up from 6.5% earlier this year.
Jamie and Bram also shed light on upcoming indicators like the CPI report and what they mean for future occupancy rates.
You won't want to miss this episode!
~~~~
September US Market Review:
https://www.airdna.co/resources/blog
~~~~
Signup for AirDNA for FREE👇
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
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
~~~~
Find AirDNA at these upcoming events!
Up Next:
Can Airbnb Break or Fix the U.S. Housing Market? A Deep Dive with Taylor Marr
In this episode, Jamie Lane sits down with Taylor Marr, Senior Housing Economist at Airbnb. With eight years of experience at Redfin under his belt, Taylor brings a unique perspective on housing economics and the dynamics that govern long-term markets. Not to mention, he's an avid digital nomad who has called 15 cities home.
Taylor dives into some underrated aspects of the housing market that might surprise you. For instance, even though people are moving away from big cities like LA and New York, demand for housing there is actually going up, not down. This is primarily because of zoning rules and other regulations that have historically slowed down market growth in major cities. But that's changing, with over a million new apartment complexes now under construction.
Jamie and Taylor then explore the current housing affordability challenges amid rising inflation and high interest rates. Taylor notes that the landscape has shifted significantly over the past four years, and he anticipates further slowdowns in the housing market as both labor and GDP growth lose momentum. Contrary to widespread speculation about a looming housing collapse, Taylor suggests that people's commitment to retaining their low-interest-rate homes will stabilize the market. Currently, only 4 million existing homes are in active transactions, a remarkably low number, underlining that homeowners are keen to preserve their advantageous rates. Taylor adds that the market seems to be in a state of watchful waiting, keeping an eye on various potential triggers such as inflation, interest rates, geopolitical conflicts, and the upcoming elections.
Finally, the duo turns their attention to the future of the mid-term rental market. Taylor sees potential for growth in this segment, fueled by increased work flexibility, the rise of remote work, and emerging regulations that limit short-term rentals but permit mid-term options.
Don't miss out on this informative episode!
~~~~
Connect with Taylor:
https://twitter.com/TaylorAMarr
~~~~
Signup for AirDNA for FREE👇
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
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
~~~~
Find AirDNA at these upcoming events!