How is Traverse City performing?
59
Okay
80
Investability
48
Rental Demand
47
Revenue Growth
11
Seasonality
50
Regulation
Annual Revenue
$35.8K
+3%
past year
Occupancy Rate
52%
+4%
past year
Average Daily Rate
$380.7
+3%
past year
Revenue per Available Rental (RevPAR)
$194.4
+6%
past year
Traverse City Performance Details
Total available listings
2,251
+3%
past year
Listings by rental channel
Airbnb (36%)
Vrbo (18%)
Both (47%)
Listings by rental size
1 Bedroom (34%)
2 Bedroom (32%)
3 Bedroom (19%)
4 Bedroom (10%)
5+ Bedroom (6%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (25%)
91-180 nights (27%)
181-270 nights (21%)
271-365 nights (27%)
Listings by rental type
Entire Home (95%)
Private Room (5%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (6.7%)
Moderate (69.7%)
Strict (17.8%)
Super Strict (5.8%)
Listings by Minimum Stay
1 Night (0.4%)
2 Nights (43.7%)
3 Nights (16.0%)
4-6 Nights (6.3%)
7-29 Nights (5.9%)
30+ Nights (27.7%)
What amenities do listings have?
Internet
98%
Wireless Internet
96%
Aircon
94%
Heating
93%
Parking
91%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
The Mitten Group Property Management | 112 | 0.0% | 5660 | 4.83 |
Golden Swan Management | 48 | 0.1% | 2896 | 4.93 |
Elevated Homes & Hospitality | 44 | 0.1% | 2456 | 4.76 |
Bayshore Vacation Rentals | 27 | -0.0% | 1171 | 4.86 |
North Short Inn Condo Hotel | 21 | -0.1% | 151 | 4.77 |
Occupancy
Occupancy Rate
52%
+5%
past year
Booking lead time
Register to see moreLength of stay
Register to see moreWhat 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
$3,576,991
+5%
past year
Entire place
Register to see moreHouse
Register to see moreApartment
Register to see moreHow 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
Register to see moreRevenue per available rental (RevPAR) over the last 5 years
Register to see moreWhat 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)
Register to see moreBest Month
Register to see moreWhat 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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