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AirDNA Data: US Michigan Petoskey

How is Petoskey performing?

44

Okay
Market Score

82

Investability

42

Rental Demand

43

Revenue Growth

9

Seasonality

40

Regulation

Annual Revenue

$29.3K

+3%

past year

Occupancy Rate

52%

+4%

past year

Average Daily Rate

$388.6

+3%

past year

Revenue per Available Rental (RevPAR)

$203.9

+6%

past year

Petoskey Performance Details

Total available listings

346

+3%

past year

Listings by rental channel

Channel

Airbnb (45%)

Vrbo (29%)

Both (27%)

Listings by rental size

Bedrooms

1 Bedroom (30%)

2 Bedroom (25%)

3 Bedroom (22%)

4 Bedroom (16%)

5+ Bedroom (7%)

Rental growth in the last 12 months

Active Listings

+8%

past year

Listings by annual availability

Available

1-90 nights (34%)

91-180 nights (25%)

181-270 nights (18%)

271-365 nights (23%)

Listings by rental type

Type

Entire Home (88%)

Private Room (12%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (4.7%)

Moderate (72.1%)

Strict (18.2%)

Super Strict (5.0%)

Listings by Minimum Stay

1 Night (0.0%)

2 Nights (38.2%)

3 Nights (17.1%)

4-6 Nights (7.2%)

7-29 Nights (8.4%)

30+ Nights (29.2%)

What amenities do listings have?

Internet

96%

Wireless Internet

95%

Parking

90%

Kitchen

87%

Heating

87%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
Vacation Properties of Northern Michigan
100.3%125
4.76
Evolve
70.0%120
4.59
Vacasa
30.0%24
4.49
Graham Management
3-0.3%77
4.67
Northern Michigan Escapes
11.0%3
5.00

Occupancy

Occupancy Rate

52%

+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

$2,930,253

+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)

$52

+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

$52

-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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