Data Dive with Jamie Lane

Good Morning Hospitality

We're joined again with Jamie Lane, VP of AirDNA, to cover the end of 2022's data and how 2023 is pacing for vacation rentals!

Here are some quick numbers for you!

• 2022 - Year-end figures - $62 Billion in U.S. short-term rental revenue ($315 ADR * 197 M nights sold) compared to U.S. hotels ($148.83 ADR * 1.272 B rooms sold) = 189 B in Revenue for hotels according to STR. Global Short-term rental revenue at $142 B

Industry News:

• Vacasa slashes 17% of staff (link) (Phocuswire Link)
• Worries of AI taking/replacing jobs in Travel (Link)
• Inspirato lays off 12% (link)
• Onefinestay launches monthly rentals in NYC - currently 16 homes available (link)

Show Notes:

• HFM Merch Store!
• 10% off for GMH listeners that use this link
• TravelNet joins GMH as our official sponsor, starting Feb 6th!

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