Record Levels for Rental Bookings but Current Revenues Way Down – PhocusWire

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Record Levels for Rental Bookings but Current Revenues Way Down

New bookings in the U.S. for vacation rentals were at record levels in January, according to data from AirDNA.

The analytics and trends service for short-term rentals found that pent-up demand for trips among travelers is fast becoming a reality, with January’s figure some 22% higher than last June when a similar eagerness to get on the road kicked in after the first wave of lockdowns.

Bookings are largely following a trend of avoiding properties in large cities, AirDNA says, as travelers opt for coastal and mountain destinations for their trips.

In particular, Florida’s traditional spring break market is seeing occupancy levels in the region on 50% in March 2021.

Despite the significant uptick in forward in bookings in January this year, AirDNA says revenue gained by property owners was down over a quarter (27%) year-over-year.

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