In this episode of the STR Data Lab, Jamie Lane sits down with vacation rental investor Rohin Dhar to discuss his experience and strategies in the short-term rental market. Rohin discusses his approach to property management, highlighting the importance of creating unique experiences for guests, such as adding hot tubs to his properties to maintain high occupancy rates. He mentions using social media, particularly Twitter, to post interesting houses and connect potential buyers with real estate ...
May 30, 2024•46 min•Ep. 83
In this episode of the STR Data Lab, hosts Jamie Lane and Scott Sage offer an in-depth analysis of the recent dynamics and future outlook of the short-term rental industry. They discuss the prolonged challenges marked by declining RevPAR, noting this recurring trend in 22 of the last 24 months. Despite these challenges, both hosts maintain an optimistic outlook, highlighting the potential for growth and resilience within the market. They pinpoint the main cause of the RevPAR decline as an ongoin...
May 23, 2024•33 min•Ep. 82
In this episode of the STR Data Lab podcast, Jamie Lane, Chief Economist at AirDNA, sits down with Dustin Abney, CEO of Portoro, a vacation rental management company. Abney dives into his transition from the real estate SaaS world to vacation rental management, sharing the origins of Portoro. Dustin’s journey began with his early interest in real estate and technology, starting with his experience at Dotloop, which gave him valuable insights into the real estate market. This experience led him t...
May 16, 2024•38 min•Ep. 81
In this episode of the STR Data Lab podcast, Jamie Lane, Chief Economist at AirDNA, sits down with Catherine Ratcliffe, CEO of STR Benefits Consulting and Lost Together Stays. They discuss Catherine's role at the recent CanStays Alliance Conference held in Banff, Canada, where she curated content specifically for the Canadian short-term rental industry and facilitated discussions between national and local government officials and industry stakeholders. Catherine reflects on her upbringing in Ca...
May 09, 2024•40 min•Ep. 80
In this episode of the STR Data Lab podcast, hosts Jamie Lane and Scott Sage start with a discussion about Jamie's recent trip to the CanStays conference in Banff, Canada. They also hint at an upcoming interview with the event’s organizer, Catherine Radcliffe, promising to reveal exciting insights on the Canadian STR market. Moving on to the main topic, the hosts delve into Airbnb's summer release. They meticulously analyze Airbnb's marketing strategy, particularly focusing on the introduction o...
May 02, 2024•32 min•Ep. 79
In this episode of the STR Data Lab podcast, Jamie Lane and Scott Sage discuss various short-term rental (STR) data trends, starting with the notable surge in demand during March, attributed largely to the Easter holiday. This uptick in demand led to increased occupancy rates and revenue per available room (RevPAR), signaling a positive trend for the industry. However, they caution against viewing this as a definitive sign of recovery, pointing out ongoing challenges such as rising interest rate...
Apr 18, 2024•32 min•Ep. 78
In this episode of the STR Data Lab podcast, hosts Jamie Lane and Scott Sage breakdown some short-term rental data analysis focusing on the impact of amenities on property performance. The episode kicks off with a lively discussion about the significance of the final four and the eclipse, setting the stage for a deep dive into actionable insights for property owners. Jamie shares insights from a recent viral analysis of eclipse data and introduces the concept of actionable analysis, which aims t...
Apr 11, 2024•24 min•Ep. 77
In this episode of the STR Data Lab, Jamie Lane, Chief Economist of AirDNA, interviews Erwan Le Roy, founder and CEO of Cash Flow Street. Erwan shares his journey from tech engineer to vacation rental investor, highlighting his strategy of building passive income through real estate. He emphasizes the importance of identifying markets with favorable regulations for short-term rentals, such as resort or commercial zones, to maximize profitability. Erwan’s portfolio spans six markets, including Ma...
Apr 04, 2024•44 min•Ep. 76
In this new episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, and Scott Sage, VP of Marketing, dive into the hot topic of rental arbitrage in 2024. They reflect on the ups and downs faced by arbitrage businesses, from scaling challenges to the unexpected twists of the COVID-19 pandemic. Despite hurdles like managing cash flow and dealing with variable supply growth, they highlight how some entrepreneurs are still finding success, carving out niches in both the single-family and mul...
Mar 28, 2024•28 min•Ep. 75
In this episode of the STR Data Lab podcast, host Jamie Lane welcomes AirDNA’s Economist, Bram Gallagher, to explore February's short-term rental performance dynamics. After a January dip due to a northern cold snap, February showcased a robust 15.6% surge in demand from January's 1.2%, highlighting a strong desire to travel despite the off-season. The discussion highlights how weather conditions influenced rental performance, particularly the challenges faced in key skiing destinations like Cal...
Mar 21, 2024•23 min•Ep. 74
In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with experts Mark Woodworth, Principal at R.M. Woodworth & Associates, and Jack Corgel, Sr. Advisor at CBRE Hotels, to explore the nuanced dynamics of market fluctuations in the lodging industry. They examine the ease of entry into the short-term rental business and compare it to traditional hotel investments, highlighting the significance of alternative use cases and the changing landscape of consumer pre...
Mar 14, 2024•55 min•Ep. 73
In this episode of STR Data Lab, host Jamie Lane, Chief Economist at AirDNA, sits down with Jeff Iloulian, CEO and founder of HostGPO. HostGPO is a members-only platform for vacation rental operators, offering access to discounted rates on essentials such as furniture, linens, mattresses, and various amenities. Jeff shares the inspiration behind HostGPO, spurred by his personal challenges in sourcing high-quality products for his vacation rental properties. The conversation explores HostGPO's ta...
Mar 07, 2024•39 min•Ep. 72
In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Tyler Coon, CEO and founder of Savvy Realty, for a deep dive into the nuances of the short-term rental market. Tyler opens up about his transition from the broader real estate domain to carving a niche in STRs. He shares the strategic journey of identifying prime properties and the critical role of data tools like AirDNA. In a market that's constantly shifting, Tyler emphasizes the essence of agility and innov...
Feb 29, 2024•38 min•Ep. 71
In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, and his co-host Scott Sage, VP of Marketing & Customer Experience, analyze the latest earnings reports from Airbnb and Expedia, offering a detailed analysis of key metrics and trends shaping the short-term rental industry. They start by dissecting Airbnb's performance and comparing AirDNA's estimates with the reported figures for metrics like total nights booked, gross booking value, revenue, and active listing growth. R...
Feb 22, 2024•29 min•Ep. 70
In this episode, Jamie Lane, Chief Economist at AirDNA, is joined by Michael Chang, the podcast host of 'STR Like the Best' and co-founder of Trust B&B Vacation Rentals. They delve into Michael’s journey from being an investment banker to establishing a durable business model in the short-term rental industry. Starting with a single unit in New York, Michael's shift to short-term rentals was driven by his desire to balance building a family with his career. Utilizing his background in invest...
Feb 15, 2024•40 min•Ep. 69
In this special episode, Jamie Lane, Chief Economist at AirDNA, is joined by Scott Sage, AirDNA's VP of Marketing & Customer Experience and the new co-host for the podcast. Together, they discuss AirDNA’s latest report on the “Best Places To Invest For 2024,” revealing the much-anticipated ranking of the top investment markets in the U.S. Scott shares his journey from being an AirDNA customer to leading the company's Marketing and Customer Experience teams. He emphasizes the importance of al...
Feb 08, 2024•37 min•Ep. 68
In this episode, Jamie Lane, Chief Economist at AirDNA, welcomes Mark Simpson, the founder and CEO of Boostly. Mark shares his journey from growing up on a bed and breakfast farmstay in Scarborough to building Boostly, a comprehensive platform that assists hosts in the short-term rental industry to maximize direct bookings. Reflecting on his early experiences with offline marketing and Boostly's current success with 2,500 customers and 10,000 listings, Mark emphasizes the critical transition fro...
Feb 01, 2024•46 min•Ep. 67
Join Jamie Lane, AirDNA’s Chief Economist, as he chats with Will Parry, Co-founder and CEO of ALTIDO by Joivy, a leading property management company in Europe. Explore Altido's journey from its beginnings with the London Residence Club to its remarkable expansion and recent acquisition by the Italian residential operator, DoveVivo. Will takes us through the challenges and opportunities faced by Altido during the tumultuous pandemic times. He discusses how Altido navigated the complexities of the...
Jan 25, 2024•42 min•Ep. 66
In this edition of the STR Data Lab podcast, Jamie Lane, chief economist at AirDNA, is joined by Bram Gallagher, fellow economist at AirDNA, to discuss the year-end numbers for 2023 in the U.S. short-term rental industry. They analyze the December figures, noting a 4.3% increase in demand compared to the same month last year, with supply growth cooling down to 10.8%. The occupancy rate settled around 49.9%, reflecting a return to pre-COVID levels. The Average Daily Rate slightly improved, signal...
Jan 18, 2024•26 min•Ep. 65
In this episode of STR Datalab, Jamie Lane is joined by Demi Horvat, CEO of AirDNA, and Vinny Breslin, founder of Uplisting, as they dive into the exciting news of AirDNA's recent acquisition of Uplisting, marking a significant union of two major players in the short-term rental industry. Vinny shares the journey of Uplisting, from its early days in London to becoming a powerhouse in the Airbnb software space. The discussion covers the challenges faced, milestones achieved, and the pivotal role ...
Jan 09, 2024•36 min•Ep. 64
In Episode 63 of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, is joined by Michael Goldin, co-host of Good Morning Hospitality and an experienced professional in the hospitality industry. Michael shares his journey in the vacation rental industry, from his beginnings at Rented and NoiseAware to his current roles as Co-Founder of Nook and Storied Collection, as well as an advisor to various companies. His focus is on exploring unique hospitality niches. Michael discusses the creation of '...
Jan 04, 2024•37 min•Ep. 63
In Episode 62 of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Dave Meyer, Vice President of Data and Analytics at BiggerPockets, to share insights on the real estate market outlook for 2024. BiggerPockets is a community of 2.5 million people dedicated to achieving financial freedom through real estate investing, offering tools to track macroeconomic trends and long-term rental data. They take a close look at Dave's Year-End Report, which reviews the real estate market in 2023 an...
Dec 28, 2023•41 min•Ep. 62
In Episode 61 of STR Data Lab, Jamie Lane sits down with Bram Gallagher, fellow economist at AirDNA, to review this year's performance and forecast the 2024 outlook for the U.S. short-term rental industry. 2023 brought challenges for STR operators, with a 4.9% drop in RevPAR — the first annual decline since AirDNA began tracking data in 2014. Yet, the industry saw remarkable milestones, with record-high demand in July and over 1.6 million listings by September. The economic landscape showed resi...
Dec 21, 2023•32 min•Ep. 61
In Episode 60 of STR Data Lab, Jamie Lane welcomes Julie George, a successful vacation rental manager, author, coach, and all-around industry expert. Julie recounts her impressive journey in the short-term rental industry, where she scaled her business from a single property in Cairns, North Queensland, to a portfolio of 130 properties within three years, generating over 8 million dollars on Airbnb. In 2019 she sold her entire portfolio and transitioned her focus to education and mentoring, guid...
Dec 14, 2023•38 min•Ep. 60
In Episode 59 of STR Data Lab, Jamie Lane welcomes Brooke Pfautz, Founder and CEO of Vintory, who brings over 16 years of industry experience. Brooke shares his journey in the vacation rental sector, emphasizing his passion for numbers and metrics. He explains that Vintory focuses exclusively on the supply side, helping property managers in expanding their portfolios. He also discusses the concept of co-hosting and property management, noting that many short-term vacation rental managers began t...
Nov 30, 2023•31 min•Ep. 59
In Episode 58 of STR Data Lab, Jamie Lane sits down with Matt Durrette, CEO of Cozi Vacation Rentals. They discuss the company's impressive growth, strategies in evolving market conditions, and how they maintain quality amidst rapidly increasing property listings. Starting with just 10 houses in 2020, Cozi has expanded to nearly 350 properties by 2023. Matt reveals the strategy behind Cozi’s swift expansion: a focused approach on a single market. Concentrating on Fredericksburg, TX, and the Hill...
Nov 23, 2023•40 min•Ep. 58
In episode 57 of STR Data Lab, Jamie Lane sits down with Joe Riley, Founder and CEO of Patriot Family Homes. Joe's journey in property management began during his military service, leading to the unique approach of Patriot Family Homes in meeting the specific accommodation needs of military personnel and other traveling professionals. Patriot Family Homes distinguishes itself from other companies with a focus on 'needs-based' short-term rentals, especially catering to military travel which const...
Nov 16, 2023•39 min•Ep. 57
Join Jamie Lane as he sits down with Madeline List, Senior Research Analyst at Phocuswright, for a deep dive into the varied preferences and behaviors of guests at short-term rentals versus hotels. Leveraging Phocuswright's extensive market intelligence in the travel and tourism sector, Madeline offers a detailed comparison of these divergent guest experiences. The conversation unveils that STR guests often don't commit to a single accommodation category, showing a marked difference from the typ...
Nov 09, 2023•36 min•Ep. 56
In this episode, Jamie Lane welcomes Jeremy Gall, the Founder and CEO of Breezeway, to discuss the evolving landscape of property management. Jeremy first made waves in 2006 by launching FlipKey, a pioneering house-swapping and vacation rental listing platform. At that time, the idea of using credit cards over checks for vacation home bookings was still under debate. Recognizing a shift toward more service-oriented property management, Jeremy then founded Breezeway to ease the burden on property...
Oct 26, 2023•38 min•Ep. 55
In this episode, Jamie Lane sits down with Taylor Marr, Senior Housing Economist at Airbnb. With eight years of experience at Redfin under his belt, Taylor brings a unique perspective on housing economics and the dynamics that govern long-term markets. Not to mention, he's an avid digital nomad who has called 15 cities home. Taylor dives into some underrated aspects of the housing market that might surprise you. For instance, even though people are moving away from big cities like LA and New Yor...
Oct 19, 2023•49 min•Ep. 54
