Insight
General occupancy, daily rate, and length of stay all went down in 2022.
Recap of the STR Industry in 2022
Summary
This article recaps the STR industry in 2022 and discusses the importance of revenue management. It covers key metrics like RevPAR and how they evolved compared to 2021, along with the impact of Airbnb's pricing changes and future booking trends. Hosts should understand these metrics and consider analyzing their portfolio using tools like PriceLabs to stay ahead of the competition.
Key takeaway