Short term rentals demand superpass past years levels. Increased 66.4%
As we already know, one of the most affected sectors during the pandemic was the tourism sector, holiday accommodation and hotels suffered the consequences of confinement and measures to prevent the spread of the virus. However, within the sector, vacation homes have been recovering much faster, and actually in many countries such as the United States of America, the levels of reservations exceed the demand of previous years.
So, as has been reported by the Travel Weekly news, the short-term rental market has officially recovered the demand for reservations even more than in 2019. April 2021 marks the first month since the start of the coronavirus pandemic to exceed the 2019 performance. According to AirDNA, short-term rental demand increased 66.4% in April compared to 2020 levels and 5.4% compared to 2019 levels.
Occupancy levels were also based on the strength seen in March, rising 61.6% in April from 60.9% in March. The trend is a departure from traditional seasonality – occupancy typically drops in April after the spring break rush in March. While the US saw short-term rental growth, other regions are on the mend: in Mexico, demand fell 3.4%, however, in Europe, demand in Italy, Spain, and Germany fell more than 45% in April
According to AirDNA, destination markets, resorts have increased their listing count by 12%, while small urban-rural areas have increased supply by 34% compared to pre-pandemic levels. Heading into 2022, AirDNA predicts that demand will begin to resemble traditional patterns, and the record summer to 2021 may be difficult to repeat.
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