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Updated about 1 year ago on . Most recent reply
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Best/Most reliable STR data source?
I've been using the free AirDNA data/reports and find it to be unreliable. Especially since the projections for 2024 are based on historicals from 2023 and 2022, where the STR market saw declines. If 2024 is set to continue a similar trend of decreased STR rentals and revenues, what is the best data source to use? I even find that "actual rent rolls" from sellers do not paint an accurate picture of future expected revenue. Does anyone find AirDNA to be a trustworthy source of accurate date they can rely on for forward-looking deal analyses, or how about Airbtics? I also came across a service called BNBCalc that looks promising (they pull their data from Airbtics it appears), but first wanted to ask you all.
Thanks!
Brian
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Quote from @David Sandvig:
I like using AirDNA as a starting point. Then if the numbers look good there, then I'll decide if it's worth it to pull actual comps from Price Labs. I also like to just look at AirBNB and see if actual listings seem to be booked and roughly match what AirDNA says.
Thank you, David. Very helpful and I'll take a look at Price Labs. I just wish there was a way to pay for market data a la carte vs. needing to commit to the annual subscription. Please let me know if you know of a way. Thank you!