US: Short-term rentals have maintained higher performance levels than hotels during the time of the Covid-19 pandemic, according to the preliminary findings of a joint global analysis by hotel data intelligence and global benchmarking firm, STR, and AirDNA.
The full analysis will be made available via each company’s website and press release during the coming weeks. Additional preliminary findings will be shared today [23 July] via a Cloudbeds webinar featuring Scott Shatford [AirDNA founder and CEO] and Robin Rossmann [STR managing director].
For the purpose of the analysis, STR and AirDNA looked specifically at the performance of traditional hotels, hotel-comparable short-term rentals [studios and one-bedroom units] and larger short-term rentals [two bedrooms or more]. The analysis used weekly data from March 2019 through the week ending with 27 June 2020.
The analysis revealed that short-term rentals outperformed traditional hotels across 27 global markets throughout the pandemic, reporting significantly higher occupancy rates during the stated period.