How the U.S. Tourism Slump Is Hitting Short-Term Rentals: Exclusive

Key Points

• International demand for U.S. short-term rentals has dropped sharply, with Canadian bookings falling over 20% year-over-year.
• Several European and Oceanic countries also posted double-digit declines, while some South American and Asian markets showed growth.
• Domestic demand for U.S. short-term rentals has increased slightly, and upcoming events like the World Cup may influence future trends.

Summary

The article discusses how the ongoing slump in international tourism to the U.S. is significantly impacting short-term rental demand, with AirDNA data showing notable drops, especially from Canadian travelers and several European countries. While U.S. domestic demand for vacation rentals has risen slightly and some South American and Asian markets show increased interest, overall international bookings remain weak. The upcoming World Cup may provide a boost, but experts warn that continued declines could pose challenges for the industry.