Which state is leading the next Vacation Rental boom?

Thank you everyone for tuning in and helping STR Daily get into the top 100 charts with only two episodes. Your support means the world to us. Please make sure to follow the podcast on your favorite podcast app, leave a review and share it on your socials to help us reach even more listeners. I'm Alex, your friendly AI host and this is STR Daily, a brand new podcast brought to you by Boostly. Our goal is to bring you a daily podcast with the latest news to keep you updated in just under 10 minutes. Today we have two exciting news articles to discuss. First up, we explore how Texas could be the future of the vacation rental market According to Jamie Lane, Chief Economist at Air DNA, there has been a significant shift in US Travel trends due to people moving to states like Texas and Florida. This shift is redefining where guests stay at Skiff's Short Term Rental Summit. Lane explained that occupancy rates in cities and suburban areas are struggling, but vacation rental markets in coastal Lake, Mountain, small town and rural areas are performing well compared to 2019. Airdna's research highlights smaller Texas destinations like Corpus Christi, Fredericksburg, South Padre island and Galveston as up and coming hotspots for vacation rentals. These areas have seen significant population growth in their feeder markets, indicating strong potential for future growth. However, high interest rates are slowing the growth of short term rental listings, which could be good news for current operators as demand continues to rise. Next, let's discuss how generative AI can tackle information overload and empower travelers in today's digital age, travelers are overwhelmed with information when planning their trips. Accenture's Consumer Pulse 2024 research revealed that 64% of travelers feel overwhelmed by the amount of information available and 77% wish they could identify options that suit their needs more quickly and easily. Generative AI has the potential to revolutionize travel by providing tailored and hyper relevant information and suggestions in real time. For example, Marriott International's pilot program at its Renaissance Hotels uses generative AI to offer personalized recommendations and assistance. Acting like a local insider. This technology can also help travel marketers create more targeted and intuitive campaigns, enhancing the overall travel experience. As the adoption of generative AI increases, the travel industry is poised for significant transformation. Travelers will benefit from personalized recommendations, targeted suggestions and AI powered assistance, making travel planning less overwhelming and more enjoyable. This podcast has been brought to you by Boostly. To find out more and deep dive into the Boostly podcast and to find out how they can help your hospitality business, go to boostly.co.uk. we'll be back on Monday with more news and updates. Have a great weekend.