STR Data Lab™ by AirDNA

Seasonality can make or break a short-term rental business—but most hosts are still reacting to it instead of planning for it. In this episode of The STR Data Lab, we dig into how smarter data strategies can help you stay ahead of demand swings, optimize pricing, and unlock more consistent revenue throughout the year. Whether you're managing one property or scaling a portfolio, understanding the rhythms of your market is no longer optional—it’s your competitive edge. We explore how top-performing hosts and property managers are using forward-looking data to anticipate demand shifts, adjust minimum stays, and align their pricing with real traveler behavior. From identifying shoulder-season opportunities to avoiding common pricing pitfalls during peak demand, this conversation highlights what it actually takes to operate like a data-driven professional in today’s STR landscape. If you’ve ever felt like you’re leaving money on the table during slow periods—or missing out during high demand—this episode will give you a clearer, more strategic path forward. You don’t want to miss this episode. Key Takeaways Stop reacting—start forecasting: Use forward-looking demand data to anticipate booking trends instead of relying solely on past performance. Lean into shoulder seasons: Small adjustments in pricing and minimum stay requirements can unlock significant revenue during slower periods. Avoid peak-season complacency: Even high-demand periods require active pricing strategies to capture full earning potential. Align with traveler behavior: Booking windows, trip lengths, and demand patterns shift—your strategy should too. Consistency beats spikes: The most successful operators prioritize steady, optimized performance over unpredictable highs and lows. Sign up for AirDNA for FREE 👇 https://bit.ly/4j6s6qy ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 177

What happens when the biggest bottleneck in your short-term rental business—guest communication—gets automated almost entirely? In this episode of The STR Data Lab, Jamie Lane sits down with Jay Ullrich, CEO and Co-founder of HostBuddy AI, to unpack how AI is transforming the way hosts and property managers operate at scale. From missed bookings due to slow responses to overwhelmed virtual assistants, this conversation dives into a pain point every STR professional knows too well—and shows what’s possible on the other side. Jay shares his journey from managing 30+ properties in San Diego to building a tool born out of necessity—one that now handles up to 90% of guest communication automatically. But this isn’t just about saving time. It’s about unlocking better reviews, higher occupancy, and more efficient teams. As guest expectations rise and response times shrink, AI is no longer a “nice-to-have”—it’s becoming foundational to staying competitive in today’s STR landscape. The conversation also tackles the bigger picture: Are AI tools just “ChatGPT wrappers”? How should operators evaluate new tech? And what does the future look like when automation approaches 100% of guest interactions? Whether you're managing one property or scaling a portfolio, this episode offers a grounded, operator-first perspective on where the industry is headed—and how to adapt. You don’t want to miss this episode! Key Takeaways Speed = Revenue: Responding even an hour late can cost you bookings—AI ensures instant replies and captures demand in real time. 80–90% Automation Is Achievable Today: With the right setup, most guest communication can be fully automated, freeing teams to focus on higher-value tasks. Better Communication = Better Reviews: As AI adoption rises, guest satisfaction scores—especially for communication—are improving across the industry. AI Isn’t Just Support—It’s a Sales Tool: Automated messaging can proactively upsell gap nights and drive incremental revenue that’s often missed manually. Specialization Wins in Tech: The best tools aren’t trying to do everything—they focus deeply on one problem (like messaging) and integrate with the rest of your stack. Sign up for AirDNA for FREE 👇 https://bit.ly/4j6s6qy ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 176

What happens when AI, massive tech consolidation, and shifting guest behavior all collide at once? In this episode, Jamie sits down with industry veteran Richard, who’s seen every cycle of short-term rentals—from early spreadsheets to today’s AI-powered ecosystems. Together, they unpack a rapidly evolving landscape where yesterday’s tools are becoming obsolete, and tomorrow’s winners are being shaped right now. At the center of it all is a fundamental shift: the move from fragmented tech stacks to powerful, enterprise-level “operating systems” that could redefine how property managers run their businesses. Meanwhile, AI is no longer a buzzword—it’s quietly automating pricing, guest communication, and even operations, raising a critical question: what does a property manager actually do in the future? And then there’s the elephant in the room—OTAs. Despite years of pushback and the rise of direct booking strategies, platforms like Airbnb and Booking.com continue to gain ground. With AI entering the search and booking experience, will that dominance strengthen—or finally be disrupted? This conversation explores where the leverage is shifting, and what it means for anyone trying to stay competitive in STR. You don’t want to miss this episode. Key Takeaways: The “Operating System” Era Is Coming: The future of STR tech isn’t dozens of disconnected tools—it’s consolidated platforms that do everything, powered by deep integrations and AI. AI Will Compress Margins (and Headcount): From pricing to guest messaging, AI is rapidly replacing manual workflows—unlocking efficiency, but also increasing competition and driving prices down. Most Tech Startups Won’t Survive: With low barriers to building AI tools, the market is flooding with new solutions—but only a handful will scale. The rest risk being replaced or absorbed. Property Management Is Fragmenting: Full-service models aren’t the only path anymore. Expect more “menu-based” services—where operators pick and choose exactly what they outsource. OTAs Aren’t Going Anywhere (Yet): Despite the promise of AI-driven direct booking, OTAs still win on trust, convenience, and scale—and they’re investing heavily in AI to stay ahead. Sign up for AirDNA for FREE 👇 https://bit.ly/4j6s6qy ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 175

What happens when home prices stop rising—but the market still starts moving again? In this episode of The STR Data Lab, Jamie Lane sits down with Mike Simonson, Chief Economist at Compass, to unpack the biggest housing market shift in years—and why it matters deeply for short-term rental investors. After four years of frozen transaction volume and relentless price growth, 2026 is shaping up to be the beginning of a new cycle. Mike breaks down why home prices are likely to remain flat while incomes gradually catch up—unlocking long-awaited improvements in affordability. But the real story isn’t just pricing—it’s movement. With mortgage lock-in slowly easing and hiring trends poised to play a critical role, we’re entering a phase where transactions begin to rise again, even without dramatic rate cuts. For STR operators, this shift has major implications. From regional price corrections in high-growth markets like Florida and Austin, to the slowdown in migration-driven demand, the conversation reveals where opportunities are emerging—and where caution is warranted. Whether you’re investing, managing, or simply watching the market, this episode gives you the data-driven lens to understand what’s happening right now—and what comes next. You don’t want to miss this episode! Key Takeaways Flat prices ≠ weak market Home prices are المتوقع to stay roughly flat in 2026, but that stability—combined with rising incomes—marks the first real improvement in affordability in years. Sales are quietly rebounding Even modest growth (3–5%) in home sales signals a meaningful shift after years of suppressed transaction volume. The “lock-in effect” is fading—slowly More homeowners now hold mortgages above 6%, meaning fewer are stuck in ultra-low rates. Time—not just rate cuts—is unlocking supply. Migration slowdown is hitting STR demand A weak hiring market is driving the “Great Stay,” reducing relocation-driven bookings that once fueled STR growth in Sunbelt markets. Regional divergence = opportunity Markets like Austin and Florida are seeing price corrections due to oversupply and slowing inbound migration—potentially improving investment fundamentals for STR buyers. Watch rates and hiring—not just prices Weekly demand signals like pending sales and price cuts react quickly to mortgage rate spikes and labor market shifts—making them critical indicators for what’s next. Sign up for AirDNA for FREE 👇 https://bit.ly/4amypnC ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 174

The short-term rental market never moves in a vacuum—and February’s data proves it. In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane and co-host Scott Sage unpack what’s really happening beneath the surface of the latest performance numbers. From a sluggish winter season to the early signals of a strong spring break, they explore how supply growth, economic trends, and even global events are shaping the STR outlook for 2026. The big story? Demand is still growing—but just barely. With supply expanding faster than bookings and occupancy declining for the ninth straight month, hosts are feeling the squeeze. At the same time, factors like weak snowfall in mountain markets, rising oil prices, and broader economic uncertainty are influencing traveler behavior in ways that could ripple into the peak summer season. But it’s not all cautionary signals. Spring break demand is pacing well ahead of last year, and major global events like the 2026 World Cup could still drive a strong travel season. Jamie and Scott break down what these mixed signals mean—and how hosts and property managers can respond with smarter pricing, better positioning, and a sharper eye on economic trends. You don’t want to miss this episode. Key Takeaways Demand is growing—but slowly. February demand rose about 1% year over year while supply increased around 2–3%, continuing the pressure on occupancy rates. Winter performance suffered in mountain markets. Poor snowfall led to weaker bookings and occupancy declines in ski destinations, dragging down overall STR performance. Spring break could reverse the trend. Early booking data shows strong demand pacing for March and April, especially in coastal markets. Economic signals matter more than ever. Slowing job growth, rising oil prices, and broader macro trends could shape travel demand in the months ahead. Global events create opportunity. Major events like the upcoming World Cup could drive significant travel demand—making strategic pricing and availability key. Sign up for AirDNA for FREE 👇 https://bit.ly/3MFteFv ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 173

STR Investor Sentiment Report 2026: Where Smart Money Is Buying Next What are short-term rental investors really thinking right now? In a market defined by higher rates, elevated home prices, and shifting demand, the real story isn’t fear — it’s selectivity. In this episode of The STR Data Lab, Jamie and Bram unpack AirDNA’s first-ever STR Investor Sentiment Survey — a deep dive into the motivations, barriers, and strategies shaping short-term rental investment in 2026. With nearly 650 respondents (from first-time buyers to 10+ property operators), the data reveals a surprisingly resilient investor mindset. Cash flow — not appreciation, not tax advantages — is the dominant motivation. And experienced operators? They’re not retreating. They’re doubling down. From financing trends and regulatory concerns to where capital is flowing next, this episode breaks down what separates cautious observers from confident buyers. Whether you’re looking to scale, buy your first STR, or pressure-test your strategy, this conversation offers a grounded, data-backed look at where the industry is headed. You don’t want to miss this one. Key Takeaways Cash flow is king. The primary motivation for new investors isn’t flipping or appreciation — it’s recurring income and long-term revenue stability. Experience builds confidence. The more properties an investor owns, the more likely they are to buy again in the next 12 months. Regulation becomes real at scale. First-time investors worry about prices. Seasoned operators worry about policy risk and demand durability. Interest rates matter — but they’re not the deal-breaker. Sentiment is split, but rate anxiety isn’t stopping committed buyers. Location strategy evolves over time. New investors gravitate toward familiar urban and coastal markets. Experienced operators target durable demand drivers like mountain, lake, and national park destinations. AirDNA Investor Sentiment https://www.airdna.co/short-term-rental-investor-survey ————— Sign up for AirDNA for FREE 👇 https://bit.ly/4j0oq9T ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 172

Travelers say they’re worried about the economy — but they’re still packing their bags. In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane sits down with Seth Borko, Head of Research at Skift, to unpack the 2026 travel outlook and what it really means for short-term rental hosts and property managers. The headline? Travel remains the world’s top discretionary spending priority — even in an uncertain economy. While consumers are price-conscious and navigating a “K-shaped” recovery, they’re not cutting trips. Instead, they’re choosing cheaper flights, exploring more affordable destinations, and prioritizing accommodations and experiences over everything else. For STR operators, that’s a powerful signal: the right property in the right market, positioned around the right experience, is still incredibly compelling. The conversation also dives into the rapid rise of AI in trip planning. Nearly half of U.S. travelers are already using AI tools for discovery and inspiration. While booking behavior hasn’t fully shifted (yet), personalization is accelerating — and that could reshape loyalty, distribution, and direct booking strategies in the years ahead. You don’t want to miss this episode. Practical Takeaways for STR Hosts & Managers Travel is still the #1 discretionary spend. Even in uncertain times, consumers want to travel — they’re just adjusting how they do it. Guests are saving on flights — not stays. Survey data shows travelers are cutting airfare costs first while prioritizing accommodations and experiences. Your property still matters. Experiences drive the trip. Today’s traveler starts with “What do I want to experience?” and back-solves into destination and accommodation. Design and market your STR as part of that experience — not just a place to sleep. Affordable destinations have momentum. With travelers choosing less expensive markets, regional and domestic STR markets may benefit from trade-down behavior. AI is reshaping discovery. Travelers are increasingly using AI tools to compare destinations, activities, and accommodations. Properties with clear positioning, strong differentiation, and well-structured listing content will win in AI-powered search. Loyalty may be redefined. As personalization improves, guests may be more willing to switch brands or platforms if the offer is better. Value, flexibility, and frictionless booking will matter more than ever. Sign up for AirDNA for FREE 👇 https://bit.ly/44x842m ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 171

Is 2026 shaping up to be a breakout year for short-term rentals — or another year of mixed signals? In this January market review, the STR Data Lab team unpacks early indicators that could define performance for the rest of the year, from rising bookings and shifting travel patterns to economic tailwinds and major event demand. For hosts, property managers, and investors, these first-month signals offer critical clues about where revenue opportunities — and risks — are emerging. While occupancy dipped year over year due to continued supply growth, bookings surged at one of the strongest rates in months, signaling healthy future demand. Coastal destinations are seeing robust early reservations ahead of spring break and summer travel, while urban markets are experiencing a surprising boost driven largely by anticipation of the upcoming World Cup. Meanwhile, mountain and ski destinations are facing headwinds from a weak Western snow season — a reminder that hyper-local factors can still outweigh national trends. The episode also zooms out to the economic backdrop shaping travel demand: job growth, disposable income, inflation trends, tax policy changes, and even larger tax refunds. The takeaway is clear — when people have money in their pockets, travel follows. Add in the potential windfall from major events like the World Cup, and hosts across many markets could see outsized revenue opportunities if they prepare early. You don’t want to miss this episode if you’re planning pricing, investments, or strategy for 2026. Key Takeaways Booking momentum matters more than current occupancy. Strong forward bookings suggest healthy demand ahead even if winter performance looks weak. Coastal markets are leading early for spring and summer travel. Hosts in beach destinations should prepare for competitive pricing and high demand. Major events create spillover demand beyond host cities. Nearby markets may benefit from travelers extending trips around large events. Mountain market performance is highly weather-dependent. Diversifying seasonality strategies can reduce risk in ski destinations. Economic conditions are turning favorable for travel. Rising disposable income and tax refunds could fuel increased bookings in 2026. Sign up for AirDNA for FREE 👇 https://bit.ly/4j6rRMa https://www.airdna.co/worldcup ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 170

What if the biggest opportunity in your STR business isn’t higher ADR or better occupancy — but who actually owns your guest relationship? In this episode of The STR Data Lab, Jamie Lane sits down with Arthur Colker, CEO of StayFi, to unpack one of the most under-discussed levers in short-term rentals: guest acquisition costs and repeat demand. As OTAs continue tightening control over guest data and shifting fee structures, hosts and property managers are left asking an important question — are we building a business, or renting one? Arthur breaks down why tracking guest acquisition costs, collecting first-party data, and building a direct booking channel isn’t just about avoiding platform fees. It’s about increasing total occupancy, improving booking windows, and creating long-term resilience. From practical strategies for smaller operators to how advanced hosts are reaching 60%+ direct bookings, this conversation reframes direct booking as a growth strategy — not just a defensive move. If you’ve ever wondered whether investing in your brand, email marketing, or direct booking site is worth it — this episode delivers clarity. You don’t want to miss this episode. Practical Takeaways You Can Apply Now Think beyond the booker. Every guest in the reservation is a potential future customer. Expanding your marketing mindset beyond the primary booker unlocks new repeat and referral opportunities. Consistency beats perfection. A simple monthly email — even plain-text and personalized — can outperform polished newsletters. The goal is to stay top of mind when guests are ready to book again. Direct bookings increase total occupancy — not just margins. The real ROI isn’t only saving OTA fees. It’s filling nights that would otherwise sit empty. Build a brand, even if you’re small. Whether you have one property or ten, guests need an identity to remember. For smaller operators, your personal story and hospitality voice are the brand. Control your pricing strategy. Advanced operators often price higher on OTAs and reward direct bookings with better value — flipping the script from dependence to leverage. Sign up for AirDNA for FREE 👇 https://bit.ly/4rYGQvP ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 169

What happens when one of the largest centralized property managers in short-term rentals meets a deeply local, franchise-driven model? In this episode of The STR Data Lab, AirDNA’s Chief Economist Jamie Lane sits down with Steve Schwab, CEO of Casago, to unpack one of the most consequential industry shifts of the past decade: the Vacasa–Casago merger. Steve shares an honest, behind-the-scenes look at how the integration is unfolding — from transitioning thousands of homes and teammates to rethinking how scale, culture, and accountability actually work in hospitality. The conversation goes beyond headlines to explore why local ownership, empowered teams, and owner-centric decision-making may be the antidote to the operational strain that has challenged large STR operators in recent years. Along the way, Jamie and Steve dive into franchise economics, technology complexity, churn as a health metric, and the often-underestimated skill that separates top-tier operators from the rest. Whether you’re an independent host, a growing property manager, or an industry professional watching STR evolve in real time, this episode offers a rare perspective on where the business is headed — and what it takes to build something that lasts. This is one conversation that will change how you think about scale, leadership, and success in short-term rentals — you don’t want to miss it. Key Takeaways You Can Apply Today Local ownership matters more than ever: Empowered, in-market operators create stronger relationships with homeowners, guests, and communities — and reduce churn. Scale isn’t just about size: Breaking operations into locally accountable units can avoid the “dis-economies” that plague centralized models. Technology complexity is the silent killer: From PMS integrations to revenue management and accounting, STR operations are far deeper than they appear — especially in year one. Churn is a health check, not just a metric: Monitoring churn at both the market and portfolio level reveals operational and cultural issues early. The best operators know when to say no: Curating the right inventory, homeowners, and guests is often what separates top-performing property managers from underperformers. Sign up for AirDNA for FREE 👇 https://bit.ly/4qjPZNU ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 168

Is 2026 shaping up to be the most compelling year for short-term rental investing since the post-pandemic boom? In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane and co-host Scott Sage break down the newly released 2026 Best Places to Invest report — and explain why smart investors may finally see the odds shifting back in their favor. After several challenging years marked by high home prices, rising interest rates, and uneven STR performance, the data is starting to tell a more optimistic story. Jamie walks through the core metrics behind AirDNA’s rankings — including investability, demand momentum, revenue growth, and regulatory viability — and explains why yield, not hype, is driving today’s best opportunities. The result? A list that favors overlooked small and mid-sized cities, infrastructure-driven demand, and markets where affordability still creates room for returns. The conversation also explores how investors can tailor their strategy using price-tier analysis and demand drivers like universities, national parks, and major infrastructure projects. Rather than chasing “vacation-only” destinations, this episode challenges listeners to rethink what makes a strong STR market — and how to build a repeatable investment thesis using data, not instinct. You don’t want to miss this episode if you’re planning your next STR investment. Key Takeaways 2026 may mark a turning point for STR investing as yields improve and financing pressures ease. Yield matters more than ever — especially in markets with lower home prices and steady demand. Small and mid-sized cities continue to outperform, driven by infrastructure, workforce, and extended-stay demand. Price-tier analysis unlocks opportunity, showing where returns change dramatically at different budget levels. Demand drivers like universities and national parks create resilient, diversified booking patterns beyond traditional vacation travel. Best Places To Invest: https://www.airdna.co/best-places-to-invest-in-vacation-rentals —------------ Sign up for AirDNA for FREE 👇 https://bit.ly/4s2G7tf ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 167

2025 was anything but predictable for short-term rentals. After a surprisingly strong start, the second half of the year told a very different story — and the December data brings that contrast into sharp focus. In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane is joined by Bram Gallagher to break down the final U.S. performance numbers and what they reveal about the state of the STR industry heading into 2026. From weakening occupancy to long-awaited ADR growth finally outpacing inflation, the conversation unpacks why topline stability masked huge disparities beneath the surface. While national averages ended the year nearly flat, many operators experienced dramatic wins or losses depending on where they operate, who they serve, and how they’re positioned. The episode also explores how broader economic forces — cooling labor markets, mortgage-rate volatility, and a K-shaped economy — showed up clearly in STR performance. Looking ahead, Jamie and Bram dig into pacing data for early 2026, uncovering encouraging signs for spring break and summer travel, especially in resort markets. They also discuss what easing mortgage conditions and stabilizing occupancy could mean for investors considering their next move. Whether you’re managing one property or a growing portfolio, this episode helps cut through the noise to understand what really drove performance — and what to watch next. You don’t want to miss this episode! Key Takeaways for STR Hosts & Operators 2025 was a tale of two halves: Strong performance early in the year gave way to declining occupancy in the back half, despite modest ADR gains. Averages hide extremes: While national occupancy finished flat, nearly half of major markets saw meaningful gains — and others saw steep declines. Luxury outperformed across the board: Higher-priced listings consistently captured stronger (or less negative) occupancy than budget properties, reinforcing the K-shaped economy. Resort markets led the way: Coastal and mountain destinations posted the strongest occupancy and ADR growth, while urban markets continued to struggle. Early 2026 signals are improving: Spring break and summer demand are pacing well, lead times are stabilizing, and easing mortgage conditions may unlock new investment opportunities Year End Review: https://www.airdna.co/blog/us-review-december-2025 ————— Sign up for AirDNA for FREE 👇 https://bit.ly/3Yz8mlS ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 166

What if one of the biggest opportunities in rentals isn’t short-term or long-term — but everything in between? In this episode of The STR Data Lab, Jamie Lane sits down with Jeff Hurst, CEO of Furnished Finder and former President of Vrbo, to unpack why midterm rentals have quietly become one of the fastest-growing segments in the housing market — and why so many investors still misunderstand them. Drawing on newly released AirDNA data and Furnished Finder’s on-the-ground experience, the conversation explores how demand for 30+ day stays has more than doubled since 2019, fueled by relocating families, healthcare professionals, construction crews, academics, and a growing need for flexible living. Jeff explains why midterm rentals aren’t just “discounted short-term stays,” but a fundamentally different asset class — with different pricing logic, tenant expectations, and operational realities. From regulation and affordability to investor accessibility and tech gaps, this episode reframes how STR hosts and property managers should think about midterm rentals — not as a fallback, but as a durable, scalable third pillar of the rental economy that’s still early in its evolution. You don’t want to miss this episode. Key Takeaways You Can Apply Today Midterm demand is surging: AirDNA data shows stays of 28+ days are up 138% since 2019 — outpacing short-term rental growth by a wide margin. It’s a different business model: Midterm rentals price closer to long-term housing, prioritize functionality over flash, and often book one stay at a time with frequent extensions.The strongest demand drivers are practical, not leisure: Think hospitals, universities, construction corridors, and suburban job centers — not vacation hotspots. Lower capital, lower friction investing: Midterm rentals often require less upfront furnishing, fewer turnovers, and significantly less day-to-day management. The category is still early: With limited tech infrastructure and minimal institutional saturation, midterm rentals today resemble short-term rentals circa 2008. Sign up for AirDNA for FREE 👇 https://bit.ly/4jcZdsL —————Monthly Rentals: The Hidden Gem of Housing ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 165

Is the short-term rental industry struggling — or simply growing up? In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane sits down with Simon Lehmann to unpack what “normalization” really means for STR operators, investors, and property managers heading into 2026. After years of explosive growth, the industry is entering a new phase — one defined less by expansion and more by execution. Simon shares why demand hasn’t collapsed the way headlines suggest, why strong operators are still thriving, and why the biggest shift happening right now is in expectations. Growth rates, margins, and valuations are resetting — but that doesn’t spell trouble. Instead, it’s forcing a long-overdue focus on discipline, systems, and unit-level profitability. As competition intensifies and margins compress, professionalism is no longer optional. The conversation also dives into technology and AI, exploring why the future isn’t about more tools, but fewer — and better — ones. From fragmented tech stacks and data silos to the elusive “source of truth,” Jamie and Simon explain why operators who master their data will be best positioned to survive (and win) in the next chapter of STRs. You don’t want to miss this episode if you’re planning for 2026 and beyond. Key Takeaways from This Episode Normalization ≠ downturn: The STR industry isn’t collapsing — growth expectations and return profiles are simply resetting. Execution now beats expansion: We’ve moved from a growth story to a selection story, where strong operators pull ahead. Professionalization means discipline: Systems, process rigor, and unit-level economics matter more than portfolio size. Margins are under pressure: Rising costs and regulation make revenue management and cost control essential skills. Tech stacks must simplify: The next wave of STR tech will focus on integration, AI-driven insights, and a single source of truth — not more point solutions. Sign up for AirDNA for FREE 👇https://bit.ly/4jcZdsL ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 164

November delivered a mixed bag for short-term rentals — and this episode breaks down what really happened beneath the headline numbers. RevPAR dipped, occupancy softened, and demand growth slowed, but not for the reasons many hosts might expect. Jamie Lane and Bram Gallagher unpack how calendar shifts, supply growth, and subtle demand dynamics distorted the monthly data — and why November may not be as weak as it first appears. Beyond performance, the conversation zooms out to the broader economic backdrop shaping STR demand. With new jobs and inflation data finally back online, the picture that emerges is one of a gradually softening labor market, uneven sector growth, and continued uncertainty around interest rates. The hosts also explore troubling trends in international inbound travel, particularly from Canada, and what policy shifts — or global events — could mean for future recovery. The episode closes on a forward-looking note, spotlighting holiday pacing and the early signals for 2026. From stronger-than-expected Christmas and New Year travel to a surge in bookings tied to the 2026 World Cup, this data-rich discussion offers hosts and operators critical insight into where opportunity — and risk — may lie in the months ahead. You don’t want to miss this episode if you’re planning for 2025 and beyond. Key Takeaways for STR Hosts & Managers November’s softness was partly a calendar illusion: A day-of-week shift materially impacted occupancy and demand comparisons. Rates are stabilizing again: ADR and repeat rent index growth returned after a weak late summer, signaling pricing power may be improving. International demand remains a concern: Inbound travel to the U.S. is still significantly down, especially from Canada. Holiday travel is shifting later: New Year’s is pacing exceptionally strong, pushing more demand into early January. The World Cup is already reshaping 2026 demand: June bookings are surging — especially in host cities — with major implications for pricing and strategy. Sign up for AirDNA for FREE 👇 https://bit.ly/4mAqNR0 ————— www.airdna.co/blog/us-review-november-2025 ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 163

What happens when supply finally stabilizes, demand shifts gears, and the global economy refuses to follow the script? In this year-end Outlook episode, AirDNA Chief Economist Jamie Lane sits down with Bram Gallagher to break down what actually happened in 2025 — and what STR hosts and property managers should prepare for in 2026. Together, they revisit last year’s predictions on supply growth, occupancy, and pricing, grading where the industry hit the mark (and where reality surprised us). The conversation then looks forward, unpacking how macroeconomic forces — from inflation and interest rates to housing affordability and global travel trends — are shaping the next phase of the short-term rental market. The takeaway? 2026 may not be a breakout year, but it’s a pivotal one. With supply re-accelerating, demand patterns evolving, and events like the World Cup looming large, this episode offers a grounded, data-backed roadmap for navigating what’s ahead — especially for operators who are thinking strategically rather than reactively. You don’t want to miss this episode! Key Takeaways for STR Hosts & Operators Supply has bottomed — and it’s coming back. After slowing sharply in 2025, supply is expected to re-accelerate in 2026, especially in resort and suburban markets. Occupancy may soften slightly before rebounding. Supply could outpace demand in the short term, leading to modest occupancy pressure before conditions rebalance in 2027. Pricing power remains limited but stable. ADR growth should improve modestly, though most existing listings will need to hold rates steady rather than push aggressive increases. International demand is an X-factor. The 2026 World Cup could drive record inbound travel — but policy and sentiment will play a major role in how big that impact is. Experienced operators have the advantage. The next wave of supply growth is likely driven by more professional, intentional investors — raising the bar for performance and operations. Sign up for AirDNA for FREE 👇 https://bit.ly/413X3Ut ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 162

The 2026 World Cup is shaping up to be one of the biggest short-term rental demand events in history—bigger than the Super Bowl, bigger than Taylor Swift tours, and long enough to make or break an entire revenue year. In this episode, Jamie Lane sits down with revenue strategist and Happy Guest founder Rebecca Ballart, who has personally priced more than 10,000 listings worldwide, to help hosts understand what to expect… and how not to leave thousands of dollars on the table. Rebecca breaks down why mega-events behave nothing like peak season, how booking windows warp under immense hype, and why the “right” price can’t be pulled from comps or pricing tools alone. This conversation is filled with practical guidance for hosts in every 2026 host city—especially those looking at early booking spikes and wondering, “Am I priced too low… or way too high?” They also walk through real-world examples, from massive wins at Hangout Fest to the hard realities when an event is suddenly canceled. Rebecca shares what operators can monitor between now and kickoff, how to think about length-of-stay strategy, when to adjust, and why the smartest revenue managers mix tools with human intuition—not one or the other. If you’re hosting anywhere near a World Cup stadium, you can’t afford to miss this episode. Key Takeaways Mega-events don’t follow normal demand patterns. Expect sudden booking rushes, long periods of quiet, and another surge as the event approaches. Length of stay is a powerful lever. Shorter stays + higher nightly rates often outperform long minimums during multi-week events. Inventory size dictates upside. Large homes can safely aim higher, while 1–2 bedroom units compete directly with hotels and must price accordingly. Use pricing tools—but don’t outsource your thinking. Algorithms can miss nuance; human oversight catches opportunities and prevents painful mistakes. Set guardrails before cancellations hit. Minimum event rates and watchful monitoring protect you from losing revenue when fans shift cities or plans change. Sign up for AirDNA for FREE 👇 https://bit.ly/4muz61v ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 161

The short-term rental market is entering a new phase — one where stability, not volatility, is driving the biggest changes. In this fireside chat from the Data & Revenue Management Conference, Jamie Lane joins Simon Lehmann and Pedro Borges to break down the real signals behind 2025’s “steady state” and what it means for hosts and managers heading into 2026. This isn’t a hype-filled projection; it’s a data-backed look at supply slowdowns, shifting guest behavior, and how professionalization continues to reshape the competitive landscape. From the K-shaped performance split between luxury and mid-market listings to the growing influence of OTA ranking systems, the conversation highlights why outperforming your market now depends less on macro tailwinds — and more on operational sharpness. Jamie and Pedro dig into pricing challenges, the emerging STR-to-midterm pivot in major cities, and how rising owner expenses like taxes and insurance are reshaping what “profitability” even means. If you want a grounded, unfiltered view of where the industry is actually heading, this episode delivers it. For STR operators planning their next move, this is essential listening. You don’t want to miss this episode! Key Takeaways Stability requires strategy: With occupancy flat and supply growth at historic lows, 2025–2026 will be a competition for share, not an automatic lift. Quality gaps matter: Listings with sub-4.7 ratings are shrinking fastest as OTAs elevate top-tier properties and push weaker performers to page two and beyond. Profitability is the real KPI: Rising insurance and property taxes mean managers must understand — and communicate — homeowner-level financial realities. Luxury grows, mid-market squeezes: The K-shaped recovery continues, rewarding high-end supply while challenging budget and mid-tier operators. Midterm strategies surge: Regulatory pressure and seasonality are accelerating the blend of STR and midterm stays, especially in cities like NYC, Denver, and LA. Sign up for AirDNA for FREE 👇 https://bit.ly/45KslCy ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 160

What happens when two hands-on STR operators decide to take their kids, their business, and a camera across all 50 states? Kylee and Steven Neil Hauser—longtime hosts and boutique property managers in Southern California and the Palm Springs region—join Jamie to share the remarkable evolution of their business and the surprising realities of running 40+ units from the road. In this episode, they unpack how they went from a rundown Mission Beach duplex to a curated, mid-size management portfolio—without ever aiming to become “big.” Their story is a masterclass in staying lean, staying connected, and building systems that support real freedom… not just more work. Along the way, they’re gathering fresh inspiration from dozens of stays across the country, rethinking what truly makes a memorable STR experience, and learning what hosts get right (and wrong) from a guest’s perspective. Whether you’re an aspiring host, an already-stretched operator, or someone dreaming of reshaping your lifestyle through STRs, this episode distills years of hard-earned lessons—no fluff, just practical insights from operators living it in real time. You don’t want to miss this episode. 🔑 Key Takeaways Boutique beats big: Kylee & Steven intentionally chose not to scale endlessly—quality, owner alignment, and lifestyle mattered more than unit count. Systems enable freedom: Their remote-friendly stack centers around Uplisting + Breezeway, with smart-home tools filling the gaps. Personalized responses still win: They use templates—but not automation—so every guest feels a human touch (and messages never sit unanswered). Owners must buy in: Performance issues often come down to owners unwilling to reinvest; showing real comps is key to shifting mindsets. Being guests changed their hosting: Their 50-state trip revealed what truly matters to travelers—and inspired new ideas for design, amenities, and guest experience. https://www.youtube.com/@kyleeandsteven Sign up for AirDNA for FREE 👇 https://bit.ly/3HkuETy ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 159

Sonder’s bankruptcy has shaken the short-term rental world — and for good reason. Once the poster child of the “hotel-meets-Airbnb” model, Sonder’s downfall marks a pivotal moment for operators everywhere. In this episode, AirDNA’s Chief Economist Jamie Lane and co-host Scott Shatford unpack what went wrong, what it signals for the rental arbitrage model, and how changing travel demand is reshaping the industry. From a surprising partnership failure with Marriott to the ripple effects in urban markets still struggling post-COVID, Jamie and Scott connect the dots between Sonder’s story and broader market trends. They also dig into fresh October 2025 performance data, including occupancy declines, rate adjustments, and a critical PSA for hosts affected by Airbnb’s new service fee model. The episode closes with a behind-the-scenes look at AirDNA’s latest data model upgrades, revealing how machine learning is improving accuracy and trust in industry insights — setting the stage for even more powerful analytics ahead. You don’t want to miss this episode — especially if you rely on rental data to guide your business decisions. Key Takeaways for STR Pros 🏚️ Sonder’s bankruptcy signals the end of rental arbitrage — operators tied to high-cost leases are struggling as demand and urban travel lag. 🏙️ Urban recovery is still uneven: international inbound demand to the U.S. fell 16% this year, weighing heavily on city performance. 💸 Watch your margins: many hosts haven’t offset Airbnb’s new 15% service fee, which could cut into real earnings this winter. 📉 October’s numbers show slowing demand (2.5%) and occupancy declines (~1.5%), mirroring weakness in hotels — but mountain markets saw a lift from fall “leaf peeping” travel. 🤖 AirDNA’s new data models boost accuracy, capturing longer-term stays and eliminating duplicate listings — giving hosts clearer, more reliable market visibility. Sign up for AirDNA for FREE 👇 https://bit.ly/3JLl2lM ————— Connect with Jamie on social media LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ————— Connect with Scott on social media LinkedIn: https://www.linkedin.com/in/sagescott ————— Connect with AirDNA on social media: Instagram: https://instagram.com/airdna.co LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co ————— Episode 158