Demand for US short-term rentals accelerated in October, reaching the highest growth rate since the onset of the global pandemic, according to Jamie Lane, VP of Research, AirDNA, which tracks data in the sector.
As concerns about COVID-19 eased, demand in October shot up by 12.2% compared with October 2019 and 35.8% higher than in October 2020. This was a significant gain from the 4.3% increase in September and a drop of 1.5% in August.
Average daily rates (ADRs) are increasing as well, growing to $243.28 in October, up 24.7% over 2019.
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