Market Growth and Investment Impact #shorts #airbnb #airbnbhostingtips #marketgrowth #airbnbpodcast

Name: Market Growth and Investment Impact #shorts #airbnb #airbnbhostingtips #marketgrowth #airbnbpodcast
Uploaded: 2024-07-20T01:30:30+00:00
Duration: 37 s
Channel: Tim Hubbard
Description: Tim Hubbard (creator/uploader) comments on local market changes for six‑bedroom properties and short‑term rentals. He reports that six‑bedroom properties…

20 Jul 2024 · 1 min

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Tim Hubbard (creator/uploader) comments on local market changes for six‑bedroom properties and short‑term rentals. He reports that six‑bedroom properties in the comp set rose from 5 in 2022 to 14 (a reported 180% increase), notes rising popularity of short‑term rentals, and advises expecting year‑over‑year increases in supply in markets where STR demand grows.

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180%

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And there's not a lot of six bedroom properties in this area. In fact, there were only five back in 2022. And now in our comp set, there are 14. So if you look at those numbers, that's actually 180% increase. That might sound like a lot, right? But we got to remember the popularity with short term rentals has also grown. And so people are discovering it and people are using it more than they were in the past. So I would say depends on the market, of course, but you should expect an average increase in supply just year over year because more people are staying in short term rentals.