There is some pent-up demand.

As a general rule, I don't think we have seen the same degree of new construction in the multi-unit space that we saw around 2000, so in that sense there is more pent up demand relative to supply.

Hi Amit Kal Being a longtime lurker and rare poster, I guess you could say the story was pent up.

You could rent a pent house sweet for 10k a month and it doesn't count against your DTI.

Lower new unit projections for 2015 suggest that pent up demand might be easing.

Although by the #'s, it appears the R.E. market is even more resilient then even I had forecast, with the pent-up demand at greater strength and levels then anticipated. 

Travelers have returned to Orlando in droves and we expect very strong occupancies for the foreseeable future due to pent up demand with Disney tourists.

I know I personally had no desire to escape to another urban environment (other than a moment of wishing I could experience Venice when there were no other tourists <grin>).If we are able to bring the pandemic under control by summer 2021, I suspect there will be a lot of pent up energy to visit all the vibrant destination cities around the world that were closed down and not at all vibrant in 2020.And, yes, we were able to purchase the 200 Airbnb IPO Directed Shares.

@Jessica Wygal There is so much pent-up demand for vacations right now.Consumers still don't feel "safe" staying in a hotel so naturally a STR is the next best choice.

Add to that a massive pent-up demand, there was a recipe for doubling and tripling of rates and high occupancy.