How is Traverse City performing?
56
Okay
80
Investability
45
Rental Demand
46
Revenue Growth
9
Seasonality
51
Regulation
Annual Revenue
$35.1K
+3%
past year
Occupancy Rate
52%
+4%
past year
Average Daily Rate
$372.4
+3%
past year
Revenue per Available Rental (RevPAR)
$188.6
+6%
past year
Traverse City Performance Details
Total available listings
2,268
+3%
past year
Listings by rental channel
Airbnb (37%)
Vrbo (18%)
Both (44%)
Listings by rental size
1 Bedroom (34%)
2 Bedroom (31%)
3 Bedroom (20%)
4 Bedroom (9%)
5+ Bedroom (6%)
Rental growth in the last 12 months
Active Listings
+8%
past year
Listings by annual availability
1-90 nights (24%)
91-180 nights (28%)
181-270 nights (21%)
271-365 nights (27%)
Listings by rental type
Entire Home (94%)
Private Room (6%)
Shared Room (0%)
Listings by Cancellation Policy
Flexible (7.3%)
Moderate (66.8%)
Strict (20.4%)
Super Strict (5.5%)
Listings by Minimum Stay
1 Night (0.4%)
2 Nights (42.3%)
3 Nights (15.8%)
4-6 Nights (6.4%)
7-29 Nights (6.6%)
30+ Nights (28.5%)
What amenities do listings have?
Internet
98%
Wireless Internet
95%
Aircon
94%
Heating
93%
Kitchen
90%
Who are the largest property managers?
| Property Manager | Listings | Annual Change | Reviews | Average Review |
|---|---|---|---|---|
The Mitten Group Property Management | 112 | 0.1% | 5416 | 4.83 |
Golden Swan Management | 46 | 0.1% | 3063 | 4.93 |
Elevated Homes & Hospitality | 43 | 0.3% | 2356 | 4.75 |
True North Property Management | 40 | -0.5% | 329 | 4.81 |
Bayshore Vacation Rentals | 25 | -0.3% | 983 | 4.84 |
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
$3,511,850
+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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