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Podcast: STR Data Lab™ by AirDNA
Episode: A Reflection on 2023 and a Look Ahead to 2024 with Bram Gallagher
Description: In this edition of the STR Data Lab podcast, Jamie Lane, chief economist at AirDNA, is joined by Bram Gallagher, fellow economist at AirDNA, to discuss the year-end numbers for 2023 in the U.S. short-term rental industry. They analyze the December figures, noting a 4.3% increase in demand compared to the same month last year, with supply growth cooling down to 10.8%. The occupancy rate settled around 49.9%, reflecting a return to pre-COVID levels. The Average Daily Rate slightly improved, signaling pricing adjustments amid changing occupancy.The conversation delves into the supply dynamics in the STR market, exploring the impact...