Airbnb Revenue relief in sight??

[Andrew McGuire]

This summer has been the toughest I can remember to keep all our Airbnb listings occupied and rates up. It makes sense with the number of active listings (single family homes) going from 7K in Phoenix metro to over 9.5K in just over a year span. That number slightly went down in Q3 but still much more competition from the previous year. 

With all that in mind the recent uptick in both occupancy and rates is much invited. My plan was to ride it out through the upcoming peak season here in AZ and then make a decision early next year to decide if I wanted to switch strategies or even sell a few of the properties. Thankfully looking forward to 2024 the calendar is filling in nicely so far. 

Here is what I've seen for last few months across 4 listings that are all in the mid range. 

July: $10,015 

Aug: $12,631.53

Sept: $11,365.54 

October MTD: $13,098.06 


Thankfully looking forward to 2024 the calendar is filling in nicely so far. How is everyone one else doing and plans to adjust on strategy?