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AirDNA Data: US Utah Salt Lake City

How is Salt Lake City performing?

53

Okay
Market Score

25

Investability

71

Rental Demand

43

Revenue Growth

53

Seasonality

36

Regulation

Annual Revenue

$19.3K

+3%

past year

FebAprJunAugOctDecFeb
Occupancy Rate

59%

+4%

past year

JanMarMayJulSepNov
Average Daily Rate

$195.1

+3%

past year

JanMarMayJulSepNov
Revenue per Available Rental (RevPAR)

$111.3

+6%

past year

JanMarMayJulSepNov

Salt Lake City Performance Details

Total available listings

5,437

+3%

past year

Listings by rental channel

Channel

Airbnb (59%)

Vrbo (10%)

Both (31%)

Listings by rental size

Bedrooms

1 Bedroom (43%)

2 Bedroom (26%)

3 Bedroom (16%)

4 Bedroom (9%)

5+ Bedroom (6%)

Rental growth in the last 12 months

Active Listings

+8%

past year

JanFebMarAprMayJunJulAugSepOctNovDec100125150175200Active Listings

Listings by annual availability

Available

1-90 nights (38%)

91-180 nights (21%)

181-270 nights (17%)

271-365 nights (24%)

Listings by rental type

Type

Entire Home (88%)

Private Room (12%)

Shared Room (0%)

Listings by Cancellation Policy

Flexible (17.6%)

Moderate (61.3%)

Strict (19.2%)

Super Strict (2.0%)

Listings by Minimum Stay

1 Night (0.1%)

2 Nights (29.8%)

3 Nights (13.6%)

4-6 Nights (6.8%)

7-29 Nights (6.1%)

30+ Nights (43.6%)

What amenities do listings have?

Internet

99%

Wireless Internet

98%

Kitchen

94%

Heating

92%

Aircon

91%

Who are the largest property managers?

Property ManagerListingsAnnual ChangeReviewsAverage Review
GrandRoad
631.0%3497
4.94
Airdream Vacation Rentals
610.5%4161
4.88
Evolve
580.0%1027
4.80
RedAwning
55-0.1%55
4.81
Cottonwood Lodging Company
370.2%690
4.92

Occupancy

Occupancy Rate

59%

+5%

past year

Apr: 80Aug: 30
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

JanFebMarAprMayJunJulAugSepOctNovDec1.6K%2.4K%3.2K%4K%4.8K%% Booked
2023
2022
2021
2020
2019
2018

Revenue

Average revenue

$1,927,467

+5%

past year

Apr: 80Aug: 30
How much revenue did listings earn per month?

Average revenue over the last 5 years

+3%

past year

JanFebMarAprMayJunJulAugSepOctNovDec$1.6K$2.4K$3.2K$4K$4.8KCurrency
2023
2022
2021
2020
2019
2018

Rates

Revenue per available rental (RevPAR)

$59

+5%

past year

Apr: 80Aug: 30
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

JanFebMarAprMayJunJulAugSepOctNovDec$1.6K$2.4K$3.2K$4K$4.8KCurrency
2023
2022
2021
2020
2019
2018

Revenue per available rental (RevPAR)

Revenue per available rental

$59

-7%

past year

Apr: 80Aug: 30
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

JanFebMarAprMayJunJulAugSepOctNovDec$1.6K$2.4K$3.2K$4K$4.8KCurrency
2023
2022
2021
2020
2019
2018
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