2023 U.S. Summer Short-Term Rental Industry Report: What happened?

Summary

This video reviews the Lodgify Summer Short-Term Rental Industry Report for 2023, revealing a decrease in occupancy rates compared to the previous year, a shift towards shorter average stay lengths, and a drop in average daily rates (ADR). The report emphasizes the importance of standing out through enhanced guest experiences and strategic marketing, particularly by focusing on direct bookings for longer stays and leveraging automation for efficient guest communications.