Mark Simpson from AirDNA breaks down global short-term rental trends: supply is growing fastest in South America (up 21%, led by Brazil and Argentina) and slowest in North America (15%). Occupancy is falling worldwide as supply outpaces demand, while average daily rates are rising in Europe but declining elsewhere.
≈15% (weakest growth)
≈21% (listings up almost 21%)
And I'm just going to start across the board. What we're seeing overall and globally, if you look at every single region, North America, Europe, apac, South America, we're seeing still seeing very strong supply growth. The weakest growth that we're seeing right now is in North America at only 15%. Strongest growth we're seeing in South America, listings up almost 21%. Really strong growth in Brazil, Argentina and Chile. Right now, when we look at overall occupancy, we're seeing declines across the board. So we are seeing demand being outstripped by supply growth. Though demand is positive throughout the world. ADRs are sort of a mixed bag. Growing in Europe, declining slightly across the rest of the world.
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