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AirDNA Data: US Michigan Honor

How is Honor performing?

55

Okay
Market Score

79

Investability

45

Rental Demand

49

Revenue Growth

13

Seasonality

42

Regulation

Annual Revenue

$22.8K

+3%

past year

Occupancy Rate

54%

+4%

past year

Average Daily Rate

$310.3

+3%

past year

Revenue per Available Rental (RevPAR)

$160

+6%

past year

Honor Performance Details

Total available listings

136

+3%

past year

Listings by rental channel

Channel

Airbnb (35%)

Vrbo (30%)

Both (35%)

Listings by rental size

Bedrooms

1 Bedroom (26%)

2 Bedroom (31%)

3 Bedroom (26%)

4 Bedroom (11%)

5+ Bedroom (7%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (22%)

91-180 nights (49%)

181-270 nights (20%)

271-365 nights (10%)

Listings by rental type

Type

Entire Home (95%)

Private Room (5%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (14.0%)

Moderate (60.3%)

Strict (17.6%)

Super Strict (8.1%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (37.5%)

3 Nights (28.7%)

4-6 Nights (10.3%)

7-29 Nights (6.6%)

30+ Nights (16.9%)

What amenities do listings have?

Parking

95%

Kitchen

93%

Internet

89%

Wireless Internet

88%

Heating

85%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Vacasa
110.0%78
4.31
Evolve
10.0%72
4.65
Golden Swan Management
1-0.5%13
4.90
Bayshore Vacation Rentals
10.0%28
4.90
Agape Vacation Rentals
10.0%12
4.50

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

$2,279,701

+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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Spain

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