Navigating Market Dynamics in Hotel and Short-Term Rental Investments

In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with experts Mark Woodworth, Principal at R.M. Woodworth & Associates, and Jack Corgel, Sr. Advisor at CBRE Hotels, to explore the nuanced dynamics of market fluctuations in the lodging industry.

They examine the ease of entry into the short-term rental business and compare it to traditional hotel investments, highlighting the significance of alternative use cases and the changing landscape of consumer preferences.

Mark and Jack delve into the implications of supply fluctuations, underscoring the importance of understanding market cycles and tailoring investment strategies accordingly. They anticipate a resurgence of sustained growth in the traditional hotel industry, propelled by shifting demographics and consumer tastes. The conversation also covers the potential for branding in the short-term rental sector and the challenges associated with ensuring consistency across properties.

Sharing valuable lessons from their extensive careers in hospitality, Mark and Jack stress the necessity of recruiting smart, young talent and staying flexible in the face of market changes. Looking forward, they express optimism for a market rebound and foresee opportunities for expansion and innovation within the lodging industry.

Tune in to acquire strategic insights and considerations for maneuvering through market fluctuations and making well-informed investment decisions in the rapidly evolving lodging industry.

You don’t want to miss this episode!

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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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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

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Charting STR Trends: February's Recovery & Eclipse Pacing with Bram Gallagher

In this episode of the STR Data Lab podcast, host Jamie Lane welcomes AirDNA’s Economist, Bram Gallagher, to explore February's short-term rental performance dynamics. After a January dip due to a northern cold snap, February showcased a robust 15.6% surge in demand from January's 1.2%, highlighting a strong desire to travel despite the off-season.

The discussion highlights how weather conditions influenced rental performance, particularly the challenges faced in key skiing destinations like California and Colorado due to low snowpack in January. Nonetheless, February marked a turnaround, especially in ski markets such as Big Bear, California, which experienced a 16% year-over-year increase in demand.

Jamie and Bram further examine broader economic indicators like unemployment rates and consumer price indices, presenting a cautiously optimistic economic outlook amidst some conflicting signals. They also anticipate the Federal Reserve's forthcoming announcement, expecting a hold on rates with potential future cuts.

Wrapping up, the conversation shifts to the anticipated solar eclipse and its expected boost to travel demand, with notable booking surges in cities along the eclipse's path. This episode provides key insights into short-term rental performance, overarching economic trends, and upcoming events shaping the travel industry.

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Signup for AirDNA for FREE👇

https://app.airdna.co/data

~~~~

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