Short-term rentals outperformed hotels in 27 markets during pandemic

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[1], and AirDNA[2].

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[3] 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[4] outperformed traditional hotels across 27 global markets throughout the pandemic, reporting significantly higher occupancy rates during the stated period.

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