Short-term rents in the United States have been growing steadily over the past decade. Short-term fares also felt the impact as coronavirus updated almost all travel in 2020. A few companies operating in space shut down while others declined. Homeowners and hosts encourage long-term rental. Some of the changes caused by the epidemic still seem to be stable.
As the short-term rental ecosystem prepares for the future, it is important to know what trends will exist and which will fade. Since 2013, Phocuswright, a leading travel industry research organization, has conducted a number of leading research studies determining the size of the short-term rental market, analyzing consumer and industry trends, and exploring the professionalization and professionalism of the department.
Most recent research, stay here: US Short-Term Fares Move Mainstream has shown that changes in supply direction and increased demand for partnerships have led to a total CAGR of about 6% in 2017, reaching $34b. Now, as the journey begins, Phocuswright aims to understand the changes and developments in the short-term rental market in the United States that will define this important segment of the lodging landscape. This study will provide an in-depth look at the impact of the epidemic on revenue and estimated recovery, changes in travelers’ preferences, and the evolution of property management, among other things. Most recent research, stay here: US Short-Term Fares Move Mainstream has shown that changes in supply direction and increased demand for partnerships have led to a total CAGR of about 6% in 2017, reaching $34b.
Now, as the journey begins, Phocuswright aims to understand the changes and developments in the short-term rental market in the United States that will define this important segment of the lodging landscape. This study will provide an in-depth look at the impact of the epidemic on revenue and estimated recovery, changes in travelers’ preferences, and the evolution of property management, among other things.
As part of the study, Focus Wright is conducting a 15-minute survey of U.S.-based short-term rental property managers to understand the market and study the real estate management trends.
