Smoky Market Short Term Rentals Market Overview - April and May 2023
Summary
AI-generatedThis video analyzes the Smoky Mountains short-term rental market for April-May 2023, showing flat occupancy but declining ADR in the mid-tier segments. Learn how market dynamics, new supply, and booking windows impact revenue and how to adjust your strategy.
Key insights
Booking windows are collapsing, meaning guests are waiting longer to book. Hosts are advised not to panic and drop rates too quickly, as demand still exists.
Mistakes to avoid
Expecting revenue growth to continue at the same high rates seen in 2022 can lead to financial problems if market conditions shift.
Tools & resources
STR Like The Best Communitycommunity
The STR Like The Best community offers resources and connections for short-term rental operators and investors.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial