Higher STR Vacancies?

[Beth Davis]

We've been running a number of STR units for about 18 months now. I'm an airbnb super host but I've seen my bookings drop way off mid-october. Are other ST operators experiencing this? Is it seasonal or the market changing? I'd love any insight others have to this!

[Ryan Moyer]

Last 18 months up through about mid-August were temporary.  Pent up travel demand out of Covid.  Everyone took 4 times as many vacations as usual.  It was fun.  It was awesome.  It was easy.  It was always going to be temporary.

Now travel is returning back to normal.  But supply (listings) are up 50% since 2019 as everyone tried to get a piece of that sweet post-covid travel bone, so there's probably going to be a supply/demand imbalance in the other direction for a little while.  It will all level back out closer to more historic trends in the end.