[{"_id":"project-settings","settings":{"translateMetaTags":true,"translateAriaLabels":true,"translateTitle":true,"showWidget":true,"customWidget":{"theme":"light","font":"rgb(0,0,0)","header":"rgb(255,255,255)","background":"rgba(255,255,255,0.8)","position":"right","positionVertical":"bottom","border":"rgb(163,163,163)","borderRequired":true,"widgetCompact":true,"isWidgetPositionRelative":false},"widgetLanguages":[],"activeLanguages":{"es":"Español","it":"Italiano","fr":"Français","pt":"Português","en":"English"},"enabledLanguages":["en","es","fr","it","pt"],"debugInfo":false,"displayBranding":true,"displayBrandingName":true,"localizeImages":false,"localizeUrls":false,"localizeImagesLimit":false,"localizeUrlsLimit":true,"localizeAudio":false,"localizeAudioLimit":false,"localizeDates":false,"disabledPages":[],"regexPhrases":[],"allowComplexCssSelectors":false,"blockedClasses":false,"blockedIds":false,"phraseDetection":true,"customDomainSettings":[],"seoSetting":[],"translateSource":true,"overage":false,"detectPhraseFromAllLanguage":false,"googleAnalytics":false,"mixpanel":false,"heap":false,"disableDateLocalization":false,"ignoreCurrencyInTranslation":false,"blockedComplexSelectors":[]},"version":2506},{"_id":"en","source":"en","pluralFn":"return n != 1 ? 1 : 0;","pluralForm":2,"dictionary":{},"version":2506},{"_id":"outdated","outdated":{"#Aceptar":1,"#Ir a la URL original":1,"#<strong ljsid-0=\"\">Trusted by</strong> Administradores de propiedades profesionales":1,"#Avanzado <strong ljsid-1=\"\">Seguridad y Privacidad</strong>":1,"#Destinations":1,"#<strong ljsid-1=\"\">60+</strong> Data Integrations":1,"#<span ljsid-0=\"\">1.2</span>M":1,"#Integrating Property Management Systems in Airbnb Operations":1,"#Enhancing Property Management and Guest Experience":1,"#Optimizing Listing Performance with Analytical Insights":1,"#Unlock the full potential of your rental properties with our guide on the best Airbnb research tools. Boost occupancy, optimize pricing, and outperform the market.":1,"#Vacation Rental Revenue: A Guide to Airbnb Research Tools | Key Data":1,"#Integrating Airbnb research tools and Property Management Systems represents a pivotal advancement in managing vacation rental properties. These technologies streamline operations, enhance guest satisfaction, and provide the strategic insights necessary for informed decision-making and market competitiveness. For property managers and hosts looking to maximize their rental income, improve efficiency, and scale their operations, investing in these tools is not just strategic but essential. As the short-term rental market grows, leveraging these advanced solutions will be key to staying ahead in a competitive landscape, ensuring long-term success and profitability.":1,"#Key Data benefits property managers by providing a centralized platform for tracking and analyzing performance across multiple properties. It offers detailed insights into occupancy rates, average daily rates, and revenue per available room, among other metrics. These insights enable property managers to benchmark their properties against competitors, identify trends, and make informed decisions to enhance their vacation rental portfolio's profitability and growth.":1,"#How can Key Data specifically benefit property managers?":1,"#The cost of Airbnb research tools varies widely based on the tool, the range of features it offers, and the depth of data available. For instance, different tools offer different pricing plans that cater to different needs, from individual property owners to professional property managers with extensive portfolios. Users need to assess their specific needs and explore the pricing options of each tool to find the best fit for their budget and requirements.":1,"#Key Tools for Market Analysis and Performance Tracking":1,"#What are the costs associated with these tools?":1,"#Yes, most Airbnb research tools offer extensive coverage that spans various locations around the globe. Some tools provide data and analytics for neighborhoods across different cities and countries, allowing property managers to research and optimize properties regardless of geographic location. This global reach ensures that property managers have the insights they need to make informed decisions, whether managing local properties or expanding their portfolio internationally.":1,"#Can I use these tools for properties in any location?":1,"#Airbnb tools enhance property management by providing actionable insights, extensive market data, and performance analytics. These host tools help property managers understand market dynamics, set competitive pricing, optimize listing performance, and increase revenue. By leveraging data, managers can make informed decisions on everything from pricing strategies to investment opportunities, ensuring their properties are competitive and profitable.":1,"#How do Airbnb tools enhance property management?":1,"#Key Data stands out by offering a comprehensive analytics platform tailored for property managers overseeing multiple rentals. It provides real-time data on market trends, occupancy rates, and revenue metrics. By integrating Key Data's insights into their strategic planning, property managers can ensure their properties are competitively priced and positioned, adjust strategies based on market dynamics, and drive growth and profitability.":1,"#Transforming Insights into Action":1,"#Deciding between Airbnb and long-term rentals involves considering expected revenue, occupancy rates, and operational complexity. Research tools provide comparative analytics to help property managers make informed choices based on profitability and market demand.":1,"#Evaluating Airbnb vs. Long-Term Rentals for Maximum Profit":1,"#The strategic use of data is crucial for maximizing the profitability and growth of Airbnb properties. Airbnb tools play a pivotal role in location selection, market research, and evaluating the potential of Airbnb versus long-term rentals.":1,"#The Importance of Airbnb Research Tools":1,"#Comprehensive data allows property managers to develop informed pricing strategies, identify periods for promotional discounts, and invest in amenities that increase property appeal and value. Furthermore, by analyzing performance trends and comparing them with market benchmarks, hosts can strategically adjust their operations, enhancing profitability and ensuring their properties remain competitive in a rapidly evolving market.":1,"#One of the most significant advantages of implementing a Property Management System is the access to detailed analytics and reporting features. These systems can track various metrics, from occupancy and average daily rates to seasonal revenue patterns and guest booking behaviors.":1,"#Detailed Reporting and Revenue Management":1,"#By integrating real-time availability updates and direct booking capabilities, PMS platforms minimize the risk of double bookings and simplify financial transactions. This not only enhances the guest experience by providing a smooth, hassle-free booking process but also ensures that the financial aspects of property management are handled efficiently and accurately, contributing to better revenue management and operational reliability.":1,"#The booking and payment process is often the first direct interaction guests have with a rental property, setting the tone for their entire experience. Property Management Systems streamline this process through user-friendly interfaces and secure payment gateways, making it easier for guests to book their stays and for hosts to manage reservations.":1,"#Streamlining Booking and Payment Processes":1,"#This automation helps maintain a consistent line of communication, which is crucial for building guest trust and satisfaction. Moreover, it frees up hosts and property managers to focus on more strategic tasks, such as marketing and property enhancement, further elevating the guest experience and operational efficiency.":1,"#Property Management Systems revolutionize how hosts interact with guests by automating communications, ensuring no message goes unanswered and every guest feels welcomed. PMS platforms can handle it all, from sending instant booking confirmations and providing detailed check-in instructions to reminding guests to leave a review post-stay.":1,"#Automation of Guest Communications":1,"#Integrating various Property Management Systems (PMS) into Airbnb operations signifies a pivotal shift toward more streamlined, efficient management practices in the short-term rental industry. These systems play a crucial role in optimizing property performance and improving the overall guest experience by automating routine tasks, enhancing guest communication, and providing in-depth market insights.":1,"#Channel management tools like Guesty simplify managing listings across multiple platforms, ensuring availability, pricing, and guest communication consistency.":1,"#Channel Management: Guesty":1,"#Digital guidebooks provided by tools like Hostfully enhance the guest experience by offering easy access to property information, local recommendations, and house rules, adding value to stays and reducing the need for direct communication.":1,"#Digital Guidebooks: Hostfully":1,"#Enhancing the guest experience and streamlining property management processes are key to success in the Airbnb market. Research tools contribute by offering solutions for digital guidebooks, channel management, and financial planning.":1,"#This comparative analysis helps identify gaps in the market, allowing property managers to adjust their offerings accordingly. For example, suppose a property manager notices that listings with high occupancy rates offer certain amenities that their properties lack. In that case, they can consider adding these features to increase attractiveness and command higher prices.":1,"#Understanding the competitive landscape is essential for pricing strategies. By leveraging analytics tools, managers can gain insights into how similar listings are priced, their occupancy rates, and the amenities they offer, which can be crucial for standing out in crowded markets.":1,"#Competitive Analysis and Pricing Strategies":1,"#This dynamic approach ensures property managers can adjust their rates in real-time, responding to market changes to maximize income while maintaining high occupancy rates. The ability to forecast income based on different pricing strategies further empowers managers to plan for profitability.":1,"#Analyzing rental rates and potential income is crucial for setting competitive prices that maximize occupancy and revenue. Airbnb tools provide data-driven insights into pricing strategies tailored to current market conditions. These tools analyze vast amounts of data from similar listings, incorporating variables such as location, property type, seasonality, and local events to recommend optimal pricing.":1,"#Rental Rate and Income Analytics":1,"#The performance of Airbnb listings can be significantly improved through the strategic use of analytical insights derived from Airbnb tools, focusing on areas such as rental rate optimization, investment property identification, and competitive pricing strategies.":1,"#One of the key features of dynamic pricing is that it saves you time by working with your set price minimums to react to the market and somewhat match competitors. This can be used as a wonderful Airbnb tool to help automate processes.":1,"#Dynamic pricing tools are very useful for property managers juggling a wide variety of units. By using Key Data to understand shifting market trends and a dynamic pricing tool to set your nightly rates, property managers can help to maximize revenue easily.":1,"#Dynamic Pricing Tools":1,"#Key Data's distinguishing feature is its benchmarking capability, allowing property managers to compare their property's performance against local and global competitors, empowering them to identify areas of improvement and capitalize on market opportunities. This tool is especially beneficial for professionals managing multiple properties, as it aggregates data across portfolios to present a holistic view of performance, trends, and growth opportunities.":1,"#Key Data Dashboard is a pivotal tool for property managers. It provides an integrated platform that combines real-time market data, performance analytics, and competitive insights. It offers granular visibility into key metrics such as occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR).":1,"#Data Analytics":1,"#Airbnb research tools are crucial for effective financial planning and shaping investment strategies. By providing detailed analytics on revenue projections, expense breakdowns, and return on investment (ROI) calculations, these tools help property managers and investors make informed decisions about where and when to invest. They can assess the financial health of their current portfolio and strategically plan expansions or divestments based on solid data, optimizing their investment for maximum returns and minimal risks.":1,"#Financial Planning and Investment Strategy":1,"#Understanding and predicting market trends is vital for staying ahead in the competitive Airbnb landscape. Research tools offer insights into emerging trends, traveler preferences, and shifts in demand patterns. This knowledge allows property managers to adapt their marketing strategies, adjust their offerings, and anticipate future market movements, ensuring they remain competitive and relevant.":1,"#Predicting Market Trends":1,"#The competitive edge in the vacation rental market is sharpened through deep insights into how similar listings are performing, understanding guest preferences, and identifying market gaps. Airbnb research tools facilitate this by offering benchmarking capabilities against competitors, highlighting opportunities for differentiation and growth.":1,"#Enhancing Competitive Edge":1,"#Market dynamics in the Airbnb space are constantly evolving, with factors like seasonal demand, regulatory changes, and competitive pricing affecting profitability. For property managers, tools like Key Data offer analytics that help them to understand these dynamics, allowing agile responses to market shifts.":1,"#In the fast-paced vacation rental industry, Airbnb research tools are indispensable for property managers aiming to stay ahead. These tools provide critical insights into market trends, competition, and performance metrics, enabling informed decision-making and strategic planning.":1,"#Property managers and hosts often use Airbnb research tools and Property Management Systems (PMS) to navigate market complexities, optimize operations, and enhance guest experiences. Some of these solutions offer some insights into market trends, automate essential processes, and provide performance analytics, enabling a strategic property management approach that drives efficiency and profitability. Let's dive into the importance of market research and which tools you can utilize.":1,"#Utilizing Data for Strategic Decision-Making":1,"#disent nos clients":1,"#Key Data has helped us take our data insights to the next level! The reports that they provide not only help us see our performance year over year compared to our past performance, but being able to see how the market is doing compared to us is huge.":1,"#Revenue goals are essential to planning for any business. Utilize budgeting to establish goals on a unit level to forecast and maintain performance throughout the year.":1,"#Budgeting?":1,"#<strong ljsid-0=\"\">Tailor your budget </strong>by filter/ segmentation to craft budget presentations for stakeholders":1,"#Utilize built-in solutions for <strong ljsid-1=\"\">calculated growth </strong>":1,"#Budget the easy way with data-driven insights that <strong ljsid-1=\"\">track your performance </strong>":1,"#<strong ljsid-0=\"\">Compare performance </strong>against your budget and historical performance":1,"#<strong ljsid-0=\"\">Easily understand</strong> progress with clear visuals and daily updates":1,"#Tailor Your Budget":1,"#Calculated Growth":1,"#Track Your Performance":1,"#Compare Performance":1,"#Easily Understand":1,"#on a unit level for easy forecasting, planning and tracking":1,"#Establish your budgeting goals":1,"#Booking windows are still shorter than in 2019 but have increased from lows only seen in 2020-2021.":1,"#RevPAR is starting the year lower than last year but is still significantly higher than in 2021 or 2020.":1,"#Original text":1,"#Poor translation":1,"#Your feedback will be used to help improve Google Translate":1,"#Rate this translation":1,"#Good translation":1,"#di tutto il mondo":1,"#Thus far in 2024, the performance of the United States vacation rental industry has continued to decline, although less dramatically than last year. Occupancy has been slightly lower than in 2023 due to increasing supply and softening demand. Rates have been relatively stable and revenues have dropped slightly.":1,"#U.S. August Overview 2024: Summer Short-Term Rental Performance Was Lacking But Late Fall Is Pacing Ahead | Key Data":1,"#for updates.":1,"#subscribe to our blog":1,"#Below are two teasers, but access all of these insights in the 2025 Vacation Rental Industry Outlook coming this fall, and":1,"#Already a legacy Key Data partner, RealJoy switched to the All-New Key Data to get the right answers they needed more quickly and efficiently. Built from the ground up, the All-New Key Data streamlined their business by:":1,"#With a highly competitive marketplace and ever-changing rental landscape, RealJoy Vacations recognized the need for a clear, efficient view of the market - and their own portfolio - to stay ahead. They turned to the All-New Key Data to help.":1,"#Time and market constraints that created a need to find the right insights and implement changes fast":1,"#The need for a streamlined view of data for different job roles and stakeholders within the organization":1,"#A need to view lots of reports and dashboards across multiple tabs in order to get the insights they needed":1,"#Before accessing the All-New Key Data, RealJoy Vacations faced several challenges, including:":1,"#Increased overall productivity":1,"#Enhanced speed of operations":1,"#Facing a crowded local vacation rental market, RealJoy Vacations understands the importance of smart pricing decisions in order to maximize revenue, keep owners happy, and beat the competition. With the All-New Key Data, they aimed to compare the performance of their units versus competitive units in their market so they could make fast, strategic decisions to grow their business.":1,"#Personalized performance dashboards":1,"#RealJoy Vacations":1,"#<em ljsid-0=\"\">“It’s so organized! It saves me so much time to be able to just pull up my dashboard that has all the reports that I use on a daily basis.” </em>- Meagan Travis":1,"#By utilizing the enhanced speed and streamlined functionality of the All-New Key Data, RealJoy Vacations experienced some incredible improvements. They personalized their dashboard with everything they needed to view performance in one place, dividing their properties by region and organizing the reports for quick comparison. By spotting trends without jumping between tabs, RealJoy Vacations could identify areas of concern with their rate strategy and switch courses. They also noticed a significant increase in efficiency by having all the reports they needed at a glance and faster speeds within their dashboard.":1,"#<em ljsid-0=\"\">“It's made it so much easier to spot trends, either good or bad trends just by looking in my sections on my dashboards that I created.”</em> - Meagan Travis":1,"#RealJoy Vacations was among the first to implement the All-New Key Data in order to drive faster results. Thanks to Key Data’s new flexibility, RealJoy compared their current performance to the previous year as well as the current market in one streamlined dashboard. With an understanding of their position, they could quickly adjust rates to maximize Occupancy and utilize a more strategic approach to decision-making.":1,"#Delivering an AI Assistant to help navigate the new reporting":1,"#Making it easier to identify changes in market conditions and long-term trends with the ability to move and resize reports":1,"#Comparing multiple metrics (like occupancy or RevPAR) or date ranges in one location for a straightforward look at performance shifts":1,"#Providing a single, flexible dashboard for all reports and metrics that could be customized by job role, region, season, and more":1,"#Booking Windows Returning to Normal":1,"#Booking Windows Returning to Normal | Key Data":1,"#Around most of the world, the average booking window, which measures the average number of days between guests making reservations and arriving, is returning to 2019 levels. Last year, travelers waited later to plan their trips and the booking window was shorter than normal. This was likely fueled by uncertainty around travel restrictions, COVID caseloads, and even work-from-home schedules. As a result, property managers were able to count on last-minute bookings. In the first quarter of 2022, almost every country had an average booking window that was longer than 2021, but still shorter than 2019. The second quarter is still developing, but booking windows are currently longer than 2019 for most countries, perhaps due to slowdowns in booking activity caused by the Ukrainian war, increased fuel prices, and rising costs of air travel.":1,"#Park City, Utah: 5%":1,"#Amarillo, Texas: 60%":1,"#Keystone, Colorado: 3%":1,"#Plus de 60":1,"#greg.richards@keydatadashboard.com":1,"#Joshua Tree, California: 60%":1,"#Rockaway Beach, Oregon: 61%":1,"#Paradise Valley, Arizona: 65%":1,"#Orange Beach, Alabama: 3%":1,"#That trend is continuing in October and November, as rates are pacing $8 higher per night than last year, though September’s rates are pacing a few dollars lower than last year. Expect to see average rates decrease as you move through the booking window. Bookings made earlier tend to be for larger units at higher prices.":1,"#In August 2024, daily rates were $329, $3 higher than last year but $23 lower than in 2022. During 2023, increased supply caused property managers to face more competition, and pricing power declined in the face of lower occupancy rates. With more options and high inflation, consumers are more price-sensitive than they used to be. Through the 2024 summer season, rates were only a few dollars higher per night than last year’s.":1,"#However, looking forward to October, calendar occupancy is pacing 1% ahead of last year, and November is pacing 2% ahead of last year. This suggests we may finally be returning to pre-pandemic trends, and that the gap between supply and demand is starting to decrease as they become better balanced. Keep in mind that shoulder seasons offer the most opportunity for growth as we head into the late fall season.":1,"#In August, calendar occupancy was 2% lower than in 2023, and 5% lower than in 2022. According to our same-store property managers’ direct data from 2022 to 2023, guest nights increased by 2% while supply increased by 11%. When supply growth outpaces demand growth, occupancy decreases, though our data indicates that supply increases are starting to slow down slightly. In September, 2024 calendar occupancy is pacing 5% behind last year, suggesting we have not yet hit the point where supply and demand have stabilized.":1,"#Vacation Rental occupancy varies as we enter Q3.":1,"#Operating a profitable vacation rental management company has become even trickier during the last few years due to higher operational costs and lower rental revenues. For 2025, the majority of property managers, 67%, anticipate that marketing costs related to improving the occupancy of existing units will be a primary cost driver in the next year. However, fewer than half ranked marketing costs related to new owner acquisition. Increased labor costs were also commonly ranked for both front- and back-office staff. Notably, only 44% of managers expect owner acquisition to be a primary driver of business costs despite 74% of managers planning to add new inventory. This indicates that homeowner acquisition can be a fairly affordable way to increase company revenues.":1,"#Property Managers anticipate more marketing and labor costs in 2025":1,"#As supply has increased and demand has decreased, occupancy has declined over the past couple of years. The adjusted paid occupancy rate from January through August 2024 was 47%, down from 50% for the same period in 2023 and 54% in 2022. However, it appears that property managers believe we are headed back to typical occupancy figures. Almost half (48%) anticipate modest growth, while 41% expect occupancy to remain flat. No property managers surveyed anticipate a significant decline in occupancy.":1,"#89% of Property Managers surveyed anticipate occupancy will remain flat or increase modestly in the coming year":1,"#In July, Key Data collected 203 unique responses to twelve multiple-choice questions regarding the respondents' expectations of their property management company’s performance in 2025. These questions explored industry sentiment around upcoming changes in booking activity, rates, challenges, and competition, and the responses represented property managers of all sizes across the United States.":1,"#Thus far in 2024, the performance of the United States vacation rental industry has continued to decline, although less dramatically than last year. Occupancy has been slightly lower than in 2023 due to increasing supply and softening demand. Rates have been relatively stable and revenues have dropped slightly. The ongoing question has been, “When will supply and demand stabilize, causing occupancy declines to stop?” The year-over-year stabilization did not come in August, but the late fall travel season is pacing well.":1,"#Gasoline prices fell 0.6% from July to August, and are down 10.3% from August 2023. Airfare increased 3.9% from last month, following five consecutive months of decreases.":1,"#The inflation rate in the United States declined to 2.5% during August; after finishing at 2.9% in July. In short, Americans are paying an average of 2.5% more for goods and services than in August of last year. In mid-September, the Federal Reserve cut interest rates by half a percentage point, the first cut since 2020, signaling their confidence that inflation is slowing down from its June 2022 peak of 9.1%.":1,"#Even with some regions’ increased rates, all regions saw decreases in year-over-year RevPAR, though mostly slight. The Southwest U.S. (-8%) and Southeast U.S. (-5%) are seeing the largest year-over-year decreases in RevPAR, while the Mid-Atlantic States, Midwest, Rocky Mountain States, and Western U.S. are all pacing 4% behind last year. Q4 can be one of the most lucrative periods for a majority of property managers in the United States as we enter shoulder seasons for beach markets and peak season for ski markets, so be sure to pay close attention to your occupancy figures and rate strategies.":1,"#Regional rates have mostly increased over the last year in Q2 2024. The Midwest U.S. (+6%), New England (+5%), and property managers in the Mid-Atlantic States are booking rates with the largest increases over last year (+4%), while the Southeast U.S., and Western U.S. booked rates similar to last year. The Hawaiian Islands are the only region booking rates significantly (-13%) lower than last year.":1,"#Q3 2024 Average Daily Rates":1,"#In Q3 2024, all regions are experiencing year-over-year occupancy decreases. The Southwest U.S. (-2%), Western U.S. (-2%), and Rocky Mountain States (-3%) are experiencing the smallest decreases, while the Mid-Atlantic States and New England are seeing the largest decreases (-7%). Though Q3 is still pacing behind last year for the Hawaiian Islands, with calendar occupancy at 56%, this is the smallest year-over-year decrease (-2%) in occupancy since the August 2023 fires in Lahaina. This signals that the Hawaiian Islands may be on a recovery trajectory as we move toward 2025.":1,"#Q3 2024 Calendar Occupancy %":1,"#RevPAR has been declining because occupancy decreases have outweighed rate increases, but August RevPAR was consistent with last year at $129 per active property. Looking forward, RevPAR is pacing $11 behind last year in September, but only $1 behind in October and November is pacing alongside last year. Again, shoulder seasons offer the most opportunity for increased revenues, so keep an eye on occupancy and capitalize on the demand you see.":1,"#Varied occupancy and rate performance leads to decreased RevPARs.":1,"#oltre 65":1,"#There are seven very common KPIs to keep your eye on when it comes to the short term rental market, and seeing how they all affect each other can help transform your business.":1,"#Maximizing your profit from STR data means understanding all the jargon, acronyms and specialist terms that come with the territory – and we’re here to break it all down for you.":1,"#Learn how to understand and profit from short term rental data with our KPI dictionary.":1,"#Other KPIs":1,"#The KPI Dictionary: Understanding Short Term Rental Data And How To Use It | Key Data":1,"#data kpis":1,"#These are some of the main KPIs you’ll use to monitor the short term rental market data, but for any other terms and our 40+ KPIs, visit our KPI glossary <a ljsid-1=\"\">here</a>.":1,"#Calculating unit revenue is simple. Just subtract taxes and other revenue from the total revenue.":1,"#But remember it doesn’t include taxes or other revenues like fees for things like resort fees, bike rentals, ski rentals, and concierge charges.":1,"#This measures the total revenue brought in by all your properties.":1,"#This piece of short term rental data can let you see what type of properties are available in the area, where they are clustered, and the most popular size.":1,"#Supply measures the number of active rental properties in your market at a specific time. A large increase in inventory may explain a boost to revenues or a decrease in occupancy.":1,"#Revenue Per Available Rental or Room (RevPAR)":1,"#Knowing about local supply is vital if you are going to make informed decisions about pricing and predicting occupancy.":1,"#You can calculate RevPAR by multiplying Adjusted Paid Occupancy and ADR. Alternatively, you can divide the total unit revenue by total nights in a given period.":1,"#Keeping an eye on RevPAR lets you work out whether rates and occupancy are balanced. It also lets you follow trends in revenue per rental, and see whether your average property is profitable.":1,"#If you’re only going to follow one metric, RevPAR is the one to watch. It’s the best measure of overall performance since it takes into account occupancy and the revenue earned.":1,"#The calculation is the same, but you divide the number of guest nights by the total nights available to be booked.":1,"#If owners have booked 10% of the rooms and 5% are hold nights, the maximum occupancy will be 85%.":1,"#This metric adjusts the Paid Occupancy Rate by removing rooms that aren’t available for guests to rent. This might be due to owner reservations or other hold nights.":1,"#To calculate it, you divide the number of guest nights by the total nights.":1,"#Paid Occupancy Rate lets you know how many rooms are occupied out of the total number of rooms in the property.":1,"#Knowing your <a ljsid-1=\"\">occupancy rate</a> is important because you need to know how full your properties will be on a particular date. This measure also lets you gauge how the location’s popularity is changing over time.":1,"#Average Length Of Stay":1,"#This is one of the most important metrics for managing your revenue with short term rental market analysis.":1,"#Monitoring <a ljsid-1=\"\">average length of stay</a> will help determine required staffing levels for the months ahead to let you maximize your short term rental investment. It will also help create customer profiles for marketing and sales promotions.":1,"#Use this KPI to check how long guests are staying in your destination, and see how this changes from season to season.":1,"#This metric measures the average number of days that customers spend in a property.":1,"#Calculate ADR by dividing the total unit revenue by the total number of guest nights.":1,"#Monitoring it will help you spot how your destination’s popularity is changing, and can give you some vital insight into how well-off your visitors are. A high ADR is generally a good thing, since it means you’ve earned more money from your property, but pushing it too high may mean that you start to see your occupancy rate drop.":1,"#Simply put, the <a ljsid-1=\"\">Average Daily Rate</a> is a measure of how much you’ve sold your rooms for in a given time period.":1,"#<a ljsid-0=\"\">Booking windows</a> change depending on the time of the year, and smaller properties usually have shorter booking windows.":1,"#Understanding the timings means you know when to advertise properties to potential customers, and can inform your occupancy projections. If you know when you expect a property to book for certain seasons, you can adjust pricing accordingly.":1,"#This is the number of days between a guest booking a property and them checking in.":1,"#« Key Data a tout changé pour nous ! Ils nous ont fourni les outils, les rapports et les informations nécessaires pour nous aider à être aussi compétitifs que possible avec nos prix. »":1,"#Connexion":1,"#marche":1,"#Res Extras Total":1,"#Market Data for Your Teams: Revenue Managers":1,"#The Season of Demand":1,"#Market Data for Your Teams: Owner Services":1,"#Upcoming":1,"#View the Recording":1,"#Key Data Webinars":1,"#The Financial Market is Crazy - Is it time for PMs to pull back rates?":1,"#The Evolution and Future of Key Data":1,"#How To Drive Performance Through your Marketing and Sales Teams":1,"#State of the Travel Industry with Key Data and HomeToGo":1,"#Unlock the Power of Custom Comp Sets":1,"#Capturing Your Competitive Destinations' Market Share":1,"#1. Se comparer aux concurrents":1,"#https://pm.keydatadashboard.com/privacypolicy":1,"#info@keydatadashboard.com":1,"#https://data.keydatadashboard.com/":1,"#2023 End of Year Webinar":1,"#No upcoming webinars.":1,"#Carreras":1,"#Enhancing Your Property Management Approach":1,"#oltre 60":1,"#partout dans le monde":1,"#How do regulations impact an Airbnb listing in major cities?":1,"#Recent trends indicate a growing demand for unique and experiential stays, such as tiny homes, treehouses, and properties offering unique local experiences. Sustainability and eco-friendly accommodations are also becoming increasingly important to travelers. Additionally, the rise of digital nomadism and remote work has increased longer-term stays, presenting an opportunity for property managers to cater to this market segment with tailored offerings and amenities.":1,"#Emerging Trends in Airbnb Rentals":1,"#The key to maximizing revenue lies in optimizing your Airbnb listings to appeal to your target market. High-quality photos, detailed descriptions, and unique amenities can set your property apart. Additionally, adjusting dynamic pricing strategies for peak seasons, local events, and last-minute bookings can significantly boost your income. Tools like AirDNA offer market data and insights that help set competitive prices based on real-time demand.":1,"#eras tour vacation rental stats":1,"#To capitalize on this or similar events in the future, property managers should ensure they have rates in place well in advance. Focus on building a solid base with the early booking guests at slightly elevated ADRs and then pushing higher as market occupancy increases and potential guests have fewer decisions. Since many event travelers are interested in a short trip, trying to hold out for longer stays may push eventgoers to other properties. However, a two-night minimum may be appropriate. Finally, monitor your booking curve and pick up reports to make sure your strategies are working.":1,"#Scraped data as of August 7, 2023.":1,"#Destination marketing organizations should lean into the excitement behind upcoming events. Several cities hosted “tay-gating” events for the days leading up to the tour, potentially encouraging tourists to stay longer. Additionally, by monitoring short-term rentals and hotels in your area, you can help property managers and hoteliers to prepare for upcoming spikes in demand and tourism bumps.":1,"#Short-term rentals in the U.S. cities visited on tour stops experienced some notable increases in RevPAR, occupancy rates, and ADR. The data shared below compare the concert weekends to the year prior, as well as to the 2023 weekends before and after the concert to gauge Taylor Swift’s impact. Let’s examine exactly how the industry benefited from Taylor Swift’s visit to their city and how you can prepare for the next major events coming your way.":1,"#Taylor Swift has seen a massive response to her Eras Tour as the first U.S. leg of the tour comes to a close. Short-term rentals in the U.S. cities visited on tour stops experienced some notable increases in RevPAR, occupancy rates, and ADR. The data shared below compare the concert weekends to the year prior, as well as to the 2023 weekends before and after the concert to gauge Taylor Swift’s impact.":1,"#+28% vs 2022 | $105":1,"#The occupancy rates alone are impressive, but coupled with the average daily rate, the picture becomes more clear. The demand for accommodations also helped vacation rental properties command higher ADRs compared to weekends before and after the concerts. In comparison to 2022, Eras Tour weekends experienced a 14% jump in ADR. Swifties also tended to book earlier than typical vacation rental guests, making the average booking window 63 days for concert weekends compared to 34 and 37 days for the weekends before and after, respectively.":1,"#How can you ensure that you are prepared for the next time Taylor Swift or any major event comes to town? Taylor Swift has announced an international leg to the tour including Mexico, Brazil, Japan, France, UK, and Canada, to name a few. Additionally, a second U.S. leg including Miami, New Orleans, and Indianapolis will take place in 2024.":1,"#As a whole for the first U.S. leg of the Eras Tour, vacation rental occupancy was 12% higher in the host cities in comparison to 2022. Concert demand helped drive an average 5% increase in occupancy from the weekend before the tour stop and a 16% higher occupancy rate than the weekend after the concert.":1,"#+36% vs the weekend after the concert | $99":1,"#+12% vs the weekend before the concert | $252":1,"#+18% vs the weekend before the concert | $115":1,"#Taylor Swift has seen a massive response to her Eras Tour as the first U.S. leg of the tour comes to a close. From being presented with the key to the city of Tampa, FL, to being named honorary mayor of Santa Clara, CA, cities have taken notice of her stops and welcomed her arrival with open arms.":1,"#Planning For Future Events":1,"#Highlights For All U.S. Eras Tour Concert Weekends":1,"#taylor swift impact on city rentals":1,"#Want to learn more about how you can anticipate and benefit from the next major event? <a ljsid-1=\"\">Schedule a call</a> to meet with a team member.":1,"#+18% vs the weekend after the concert | $240":1,"#+16% vs the weekend after the concert | 41%":1,"#+14% vs 2022 | $248":1,"#Occupancy: 48%":1,"#e altri.":1,"#October 19, 2023":1,"#Ce que les taux d'occupation des Jeux Olympiques de Paris 2024 peuvent apprendre aux gestionnaires immobiliers":1,"#plus de 65":1,"#What strategies can maximize rental income in high-demand areas?":1,"#The Frequently Asked Questions (FAQ) section addresses common inquiries property managers might have about leveraging Airbnb statistics by city to <a ljsid-1=\"\">optimize their portfolio</a>. These questions are designed to clarify uncertainties and provide quick, actionable insights.":1,"#Optimizing Listings for Maximum Revenue":1,"#Airbnb statistics provide insight into market trends, guest preferences, and competitive benchmarks. Property managers can make informed decisions about pricing, marketing, and property improvements by analyzing this data to enhance their portfolio's performance. This might include adjusting pricing strategies based on occupancy trends, investing in amenities that increase a property's appeal, or identifying new market opportunities for expansion.":1,"#The short-term rental market constantly evolves, influenced by traveler preferences, technological advancements, and economic factors. Staying ahead of these trends is vital for property managers looking to secure their market position and drive growth.":1,"#The regulatory environment for short-term rentals varies significantly across cities, directly impacting listings and operations. Cities like Paris, Barcelona, and New York have implemented strict regulations affecting the number of listings and operational requirements for hosts. These regulations often aim to address concerns about housing shortages, neighborhood dynamics, and fair competition.":1,"#Airbnb's financial trajectory underscores its prominent position in the travel and hospitality sector. Recent statistics highlight significant revenue growth, with the United States leading in terms of Airbnb gross revenue, generating over $21.4 billion. This reflects Airbnb's robust business model and its widespread acceptance among travelers and hosts alike. France and Spain follow, with billions in revenue, showcasing the global appeal of Airbnb's platform.":1,"#<a ljsid-0=\"\">Occupancy rates </a>and average revenue per listing can vary widely by city, influenced by location, seasonality, and local events. For instance, cities with high average Airbnb occupancy rates, such as Madison and Bellingham, indicate strong demand and the potential for consistent rental income. On the other hand, cities like Malibu and East Hampton command some of the highest Airbnb daily rates, reflecting the premium travelers are willing to pay for unique or luxurious accommodations.":1,"#Global Revenue Insights":1,"#Implementing dynamic pricing strategies to adjust for market demand.":1,"#Forecasting Future Market Movements":1,"#Moreover, focusing on creating exceptional guest experiences can lead to higher reviews, increasing your property's visibility and booking rate. Implementing guest feedback to continually improve your offerings is essential for keeping your listings competitive and maximizing revenue potential.":1,"#Wondering how to calculate RevPAR? Use this simple RevPAR formula to start comparing your performance.":1},"version":2506}]