STR Outlook: Industry Maintains Momentum In An Uncertain Era

[Cole Simpson]

2022 U.S Short-Term Rental Outlook: Industry Maintains Momentum In An Uncertain Era

Average earnings for U.S. short-term rentals grew to their highest ever in 2021, a full 35% higher than at the start of the pandemic, and even outpaced home prices, which have risen 24.8% over the same period.

On average, a listing earned around 26.2% more revenue in 2021 compared to 2020.

The pandemic has accelerated short-term rentals into the mainstream. Demand is already 10% higher than pre-pandemic, and the industry is generating 40% more revenue, all with 10% fewer listings.

"Demand for unique travel experiences and flexible work, coupled with favorable economic conditions for homebuyers has created greater interest to invest in vacation rentals", said Scott Shatford, AirDNA's CEO. "With over 6 million existing-home sales expected in 2022, there will be many opportunities for growing short-term rental markets in the U.S."

AirDNA's Industry Outlook forecasts that U.S short-term rentals will reach 2.6% more demand in 2021 vs 2019, and expect 14.1% more growth in 2022 vs 2021.