• STR Data Lab™ by AirDNA

  • By: Jamie Lane
  • Podcast
STR Data Lab™ by AirDNA By cover art

STR Data Lab™ by AirDNA

By: Jamie Lane
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  • Summary

  • Whether you're on your first property or your 100th, having the right market data is crucial to starting and scaling your short-term rental business. Join Travel Economist Jamie Lane as he provides trusted insights and delves deep into the numbers that drive this multi-billion dollar industry.
    AirDNA
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Episodes
  • Spring Trends and Market Review in the STR Data Lab

    Spring Trends and Market Review in the STR Data Lab
    Apr 18 2024
    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 rates and international travel restrictions. They delve into the complexities of supply growth, noting a moderate increase in available listings but refraining from labeling it as a reacceleration. The discussion extends to different location types, with leisure destinations experiencing more pronounced growth compared to urban areas. Looking ahead to Memorial Day, Lane and Sage anticipate strong demand, particularly in coastal and mountainous regions. They emphasize the importance of contextualizing data to individual markets, offering insights into optimizing bookings for STR operators. Throughout the conversation, they stress the significance of understanding macroeconomic factors and leveraging data insights for strategic decision-making in the STR industry. They highlight the need for operators to stay informed about market trends and adapt their strategies accordingly, provide practical tips for operators to navigate the evolving landscape, including analyzing booking patterns and adjusting pricing strategies, and underscore the role of data-driven decision-making in ensuring the success and sustainability of STR businesses. Ultimately, Jamie and Scott advocate for a proactive approach to managing STR properties, grounded in a deep understanding of market dynamics and trends. They encourage operators to stay agile and responsive to changing market conditions, while remaining focused on delivering value to guests. You don’t want to miss this episode! ~~~~ Jamie’s Viral Tweet: https://twitter.com/Jamie_Lane/status/1775281707358335296 ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 78
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    32 mins
  • Maximizing Short-Term Rental Returns Through Strategic Amenity Investments

    Maximizing Short-Term Rental Returns Through Strategic Amenity Investments
    Apr 11 2024
    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 to help property owners enhance the profitability of their units. The hosts discuss the methodology behind their analysis, emphasizing the importance of comparing like-for-like properties to understand the true impact of amenities. They delve into the effects of various amenities such as pools, hot tubs, and kitchens on occupancy and average daily rates (ADR) across different location types. Scott and Jamie highlight the importance of considering seasonal variations and market dynamics when evaluating the ROI of amenities. They also touch upon emerging trends in alternative amenities, such as smart home devices and outdoor spaces, before concluding with a discussion on over-the-top amenities and the surprising ROI of string lights. Overall, the episode offers valuable insights and practical tips for property owners looking to maximize their rental income through strategic amenity investments. You don’t want to miss this episode! ~~~~ Jamie’s Viral Tweet: https://twitter.com/Jamie_Lane/status/1775281707358335296 ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 77
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    24 mins
  • Maximizing Real Estate Income Through Short-Term Rentals with Erwan Le Roy

    Maximizing Real Estate Income Through Short-Term Rentals with Erwan Le Roy
    Apr 4 2024
    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 Maui, Napa Valley, Miami, and Paris. He advises listeners to focus on high-yield properties, utilizing tools like AirDNA's rentalizer for revenue projections. Erwan stresses the significance of operations and marketing, recommending a diversified tech stack and local market team for property management. He underscores the need for redundancy and accountability within the team to ensure smooth operations and maximize returns. Erwin also highlights the flexibility of short-term rental properties, which can easily transition to mid-term or long-term rentals during uncertain times like the COVID-19 pandemic. He discusses the significance of regulatory compliance and taxation integration into platforms like Airbnb for the sustainability and growth of the industry. Looking ahead, Erwin discusses the future opportunities in short-term rental investments, focusing on identifying profitable locations and properties with the help of data analysis tools like AirDNA. He plans to expand his mastermind group to assist investors in making informed decisions and maximizing profitability in the changing market landscape. He emphasizes the need for strategic investment decisions, aligning with opportunities in an evolving market while maintaining a focus on sustainable growth and giving back to the community. You don’t want to miss this episode! ~~~~ Connect with Erwan: https://www.instagram.com/cashflowstreet/ ~~~~ Signup for AirDNA for FREE👇 https://app.airdna.co/data ~~~~ Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~ Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott ~~~~ Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram: LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~ Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna Episode 76
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    44 mins
Leadership Economics Personal Finance
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