Sevierville, TN Short term rental market health overview Jan and Feb 2023 14 March 2023

Michael ChangMar 15, 20237m 27s76 viewsScore 75
Pricing & Profitability
intermediate
market analysis
occupancy rates
average daily rate
supply and demand
short-term rental data
M

Summary

AI-generated

This video provides an overview of the Sevierville, TN short-term rental market for January and February 2023, analyzing supply, demand, and average daily rates (ADR). Hosts can learn how market trends impact their pricing strategies and occupancy rates.

Key insights

  • The average daily rate (ADR) in Sevierville declined by 8% in February 2023 ($321 vs $339 in Feb 2022) and by 18% in January 2023 compared to the previous year.

Mistakes to avoid

  • Ignoring market-wide declines in ADR and failing to adjust pricing can lead to lower occupancy rates as competition increases.

Tools & resources

  • AirDNAtool

    AirDNA is a platform used for analyzing short-term rental market data, including occupancy, ADR, supply, and demand.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial