Short-Term Rentals Show Staying Power Throughout the Summer
Skift Take
We’re halfway into the year, and the short-term rental industry has been buoyed by summer travel picking up, despite prevailing economic uncertainty.
You read it here first: We’re halfway into the year, and the short-term rental industry has been buoyed by summer travel picking up, despite prevailing economic uncertainty.
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Travelers have been prioritizing value and seeking affordable options, AirDNA’s mid-year outlook study found. The summer travel season of 2023 is expected to be extended as travelers seek off-season rates.
Strong economic fundamentals and continued enthusiasm for travel have raised the demand growth forecast for 2023 to 10.4 percent year-on-year, up from 5.5 percent. Mortgage rate increa
