Smoky Market Short Term Rentals Market Overview - April and May 2023
Summary
Michael Chang analyzes STR market data for Sevierville, TN using AirDNA, examining occupancy, supply/demand balance, and revenue trends. He observes a moderation in supply growth and a decline in ADR, especially in the mid-range, and advises hosts to avoid panicking and aggressively cutting rates, as booking windows are collapsing and demand is still present.
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