Insight
In 2023, over 2.4 million active listings were available, and guest capacity grew about 3% year-over-year. This increasing supply means more hosts compete for the same travelers.
How Do I Manage My Short-Term Rental Pricing When I'm Too Busy?
Summary
Busy US hosts face challenges managing STR pricing due to time constraints and competition. Smart pricing software can help with this. The article highlights the increasing competition with over 2.4 million active listings, the impact of local events on demand, and how automation and mobile apps can help manage pricing and guest communication effectively.
Key takeaway