Short-term rentals are outperforming hotels, here's how one company is helping property owners

After COVID-19 paused travel, short-term rentals actually fared much better than hotels year-over-year, a new study said. As of June 21, short-term rental revenue per available room was down just 4.5%, while hotel revenue per available room was down a full 64.8% than the previous year. This decrease in hotel revenue occured despite the fact that the hotel average daily rate increased 31.9% during that period, compared to the 23.2% increase in average daily rate for 1-bedroom or studio rentals, according to a study by Airdna, a short-term rental data and analytics company.