AirDNA's demand forecast for 2023 has increased to 10.4% year-over-year (YoY) growth, doubling expectations from the start of the year.
AirDNA's latest monthly market review indicates this summer will be the strongest on record, with booked vacation rental demand already up 10% from last year's highs. And travelers are planning ahead for their stays: March 2023 saw the highest number of nights booked for future travel of any month on record—more than 21 million.
AirDNA's 2023 outlook report confirms that the U.S. short-term rental (STR) industry is poised for further growth, remaining strong in the midst of a possible recession.
According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels.