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AirDNA Data: US Michigan Cedar

How is Cedar performing?

29

Bad
Market Score

56

Investability

46

Rental Demand

23

Revenue Growth

28

Seasonality

43

Regulation

Annual Revenue

$25.4K

+3%

past year

Occupancy Rate

54%

+4%

past year

Average Daily Rate

$340.9

+3%

past year

Revenue per Available Rental (RevPAR)

$193.4

+6%

past year

Cedar Performance Details

Total available listings

180

+3%

past year

Listings by rental channel

Channel

Airbnb (42%)

Vrbo (22%)

Both (36%)

Listings by rental size

Bedrooms

1 Bedroom (21%)

2 Bedroom (26%)

3 Bedroom (32%)

4 Bedroom (16%)

5+ Bedroom (6%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (27%)

91-180 nights (43%)

181-270 nights (21%)

271-365 nights (9%)

Listings by rental type

Type

Entire Home (96%)

Private Room (4%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (4.5%)

Moderate (67.6%)

Strict (21.2%)

Super Strict (6.7%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (52.8%)

3 Nights (18.9%)

4-6 Nights (13.3%)

7-29 Nights (3.9%)

30+ Nights (11.1%)

What amenities do listings have?

Internet

99%

Wireless Internet

98%

Heating

97%

Parking

93%

Kitchen

93%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Northland Vacation Rentals
70.8%7
3.71
Evolve
60.5%74
4.51
True North Property Management
10.0%16
4.80
Golden Swan Management
10.0%46
4.90

Occupancy

Occupancy Rate

54%

+5%

past year

Booking lead time
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Length of stay
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$2,543,278

+5%

past year

How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$54

+5%

past year

Revenue per available rental
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Revenue per available rental (RevPAR) over the last 5 years
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What was the average daily rate?

Average daily rate over the last 5 years

-3%

past year

2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$54

-7%

past year

Weekend revenue per available rental (RevPAR)
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What percentage of the month was occupied?

Average monthly occupancy over the last 5 years

+3%

past year

2023
2022
2021
2020
2019
2018
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