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AirDNA Data: US Michigan Lakeview

How is Lakeview performing?

51

Okay
Market Score

99

Investability

65

Rental Demand

12

Revenue Growth

25

Seasonality

23

Regulation

Annual Revenue

$19.5K

+3%

past year

Occupancy Rate

53%

+4%

past year

Average Daily Rate

$258.6

+3%

past year

Revenue per Available Rental (RevPAR)

$133.3

+6%

past year

Lakeview Performance Details

Total available listings

17

+3%

past year

Listings by rental channel

Channel

Airbnb (59%)

Vrbo (0%)

Both (41%)

Listings by rental size

Bedrooms

1 Bedroom (6%)

2 Bedroom (24%)

3 Bedroom (59%)

4 Bedroom (6%)

5+ Bedroom (6%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (18%)

91-180 nights (53%)

181-270 nights (29%)

271-365 nights (0%)

Listings by rental type

Type

Entire Home (100%)

Private Room (0%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (12.5%)

Moderate (62.5%)

Strict (25.0%)

Super Strict (0.0%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (58.8%)

3 Nights (17.6%)

4-6 Nights (11.8%)

7-29 Nights (5.9%)

30+ Nights (5.9%)

What amenities do listings have?

Kitchen

100%

Internet

100%

Wireless Internet

100%

Parking

94%

Washer

94%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review

Occupancy

Occupancy Rate

53%

+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

$1,946,941

+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)

$53

+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

$53

-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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