Unveiling Airbnb Supply & Real Estate Trends

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Unveiling Airbnb Supply & Real Estate Trends

Discover the key economic drivers shaping our supply forecast and STR performance in the ever-evolving real estate market. At the core of our analysis lie two crucial factors: mortgage rates and home values. We believe that when individuals contemplate buying or listing a property, they weigh the potential revenue against acquisition costs or the opportunity cost of holding onto the property rather than selling it. Higher revenue and lower acquisition costs inherently lead to increased supply.

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Comparing our end-of-2022 predictions, we have observed a remarkable alignment of mortgage rates with expectations. However, the surge in rates has triggered a more rapid decline in home prices, fostering a slight surge in transactional activity. Moreover, another contributing factor to heightened supply growth, complemented by robust demand, is the inclination of existing homeowners to retain properties financed at historically low rates. Notably, anecdotal evidence suggests that properties which might have been sold in a low-interest rate and rising home value environment are now being leveraged as either short-term or long-term rentals. This strategic move allows owners to capitalize on the market’s stability in the future.

 

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Considering these factors, Airdna has revised their supply forecast for listed nights in 2023, projecting a year-on-year increase of 14%, significantly surpassing the earlier estimate of 9%.

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Click on the Picture to Book this vacation rental home in Asheville NC with Shanti Mountain Properties.

Stay informed and make informed decisions with our property management expertise. Contact us now to explore how our services can help you navigate the intricacies of STR supply and real estate trends, maximizing your investments while achieving unparalleled growth.

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Property Management Vacation Home Rental Agency

About Us: Shanti Mountain Properties is based in Asheville NC and has 14 years of experience accumulating over 6,000 reservations and 2,700 + reviews from our Airbnb properties. From our long standing property management experience we’re proud to have an excellent rating across all major platforms, a strong team, and a great relationships with Airbnb.Inc. We rely on our southern hospitality, customer service, longstanding property management history and with our newly constructed rustic/modern homes, tell us how we can be your property manager or host your stay in Western North Carolina!

Contact us from the drop down above, we’d love to hear from ya!!

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2023 Economic fundamentals for Airbnb and the STR Market

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2023 Economic fundamentals for Airbnb and the STR Market

 

2023 Economic fundamentals for Airbnb

 

Demand: Get ready for an exciting journey as we dive into the captivating realm of economic fundamentals and the ever-growing travel bug. Brace yourselves for remarkable demand growth in 2023 that will exceed all expectations. Our latest forecast reveals a staggering surge of 10.4% year over year, leaving the previous estimate of 5.5% trailing far behind. But that’s not all; the adventure continues with an exhilarating recovery from a mild downturn, propelling the demand surge to a robust 8.5% in 2024. Get ready to experience a thrilling ride in the world of travel and exploration.

 

2023 Economic fundamentals for Airbnb

Supply:We have some intriguing updates on the short term rental real estate front. While mortgage rates are on the rise and occupancy levels are experiencing a temporary slowdown since the first half of 2022, there’s an exciting development to share. House prices are currently witnessing a significant drop, creating an opportunity for potential buyers. Additionally, we’re seeing the demand for housing continues to grow steadily, showing no signs of hitting the breaks.

In light of these factors, we have revised our supply forecast for listed nights in 2023, projecting a remarkable year-on-year increase of 14%. This substantial surge outperforms our previous estimate of 9%, highlighting the immense potential in the market. Get ready to seize the moment and make the most of these favorable conditions.

 

2023 Economic fundamentals for Airbnb

Occupancy: We still anticipate another year of declining occupancy due to the surge in supply. But fear not, the decline won’t be as steep as initially predicted. Thanks to the resilient demand, we’re now looking at an occupancy rate of 57.6% in 2023, up from our previous forecast of 56.4%. The occupancy party will continue to rock in 2024, with a predicted rate of 56.7% that towers over pre-pandemic levels. Looks like higher occupancy is here to stay for the foreseeable future.

 

2023 Economic fundamentals for Airbnb

 

Average Daily Rates (ADRs): It’s time to talk numbers! Economic uncertainty and persistent inflation have made travelers seek value like never before. But guess what? The first half of 2023 has thrown us a curveball with some unexpected economic goodness. That means we’re revising our forecast for average daily rates to a 2.1% YOY growth in 2023, outpacing the previous estimate of 1.7%. The value seekers have some pleasant surprises coming their way!

 

2023 Economic fundamentals for Airbnb

 

RevPAR (revenue per available rental): Now, here’s the plot twist. The modest improvements in ADR and occupancy won’t make RevPAR do a victory dance in 2023. But hey, keep your spirits up! Our revised forecast shows a smaller decline of -1.1%, up from the previous estimate of -1.6%. And in 2024, RevPAR will find its balance as the slight dip in occupancy meets its match with some ADR gains. It’s a bit of a seesaw, but progress is being made!

Shanti Mountain Properties' logo in a black outline. There are three triangles overlapping. The one on the left is medium-sized. The one in the middle is small and filled in. The triangle on the right is large and hollow.

Property Management Vacation Home Rental Agency

About Us: Shanti Mountain Properties is based in Asheville NC and has 14 years of experience accumulating over 6,000 reservations and 2,700 + reviews from our Airbnb properties. From our long standing property management experience we’re proud to have an excellent rating across all major platforms, a strong team, and a great relationships with Airbnb.Inc. We rely on our southern hospitality, customer service, longstanding property management history and with our newly constructed rustic/modern homes, tell us how we can be your property manager or host your stay in western North Carolina! Contact us from the drop down above, we’d love to hear from ya!!

Graph Credit: Airdna

 

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Mastering Airbnb in 2023: 3 Pro Tips for Interior Design and the Airbnb Algorithm

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Hey there, fellow homeowners! Are you ready to conquer Airbnb like a pro in 2023? Well, you’re in luck because we’ve got five hot tips to share with you. From the latest trends in short-term rental interior design to cracking the mysterious Airbnb algorithm, we’ve got you covered. So, grab a cup of coffee, sit back, and get ready to dive into the exciting world of Airbnb hosting. Together, we’ll create spaces that’ll make guests go “wow” and unlock the secrets of the algorithm that’ll have your listing skyrocketing to the top. Let’s get started!

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Mastering Airbnb in 2023, Photo Copyright Shanti Mountain Properties, LLC

Tip 1: Embrace the Essence of Contemporary Design

Alright, folks, let’s talk design. In 2023, it’s all about that sleek and minimalist look. Think clean lines, neutral colors, and a clutter-free space. It’s like Marie Kondo took over the interior design world! Sprinkle in some natural materials like wood and stone to add a touch of warmth and authenticity.

Now, let’s get creative! Time to bring in some statement furniture or unique art pieces that scream “wow factor.” And don’t forget about the comfort factor—invest in quality mattresses and bedding to give your guests the best snooze of their lives. Oh, and lighting! It can make or break a space. So, play with natural light, add some ambient lighting, and make sure your guests can read, cook, or just chill with ease.

And hey, let’s not forget about Mother Earth. Go green, people! Incorporate eco-friendly practices and sustainable materials. Recycling bins? Check. Energy-saving habits? Double check. Show your guests that you care about the planet as much as they do.

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Mastering Airbnb in 2023, Photo Copyright Shanti Mountain Properties

Tip 2: Curate an Enchanting Instagram-Worthy Oasis

Alright, my friends, it’s time to step up our Instagram game. We want guests to walk into our place and immediately think, “This is pure magic!” So, let’s create those Instagrammable moments. Picture this: a cozy reading nook with a snug blanket and a cup of hot cocoa, or a dreamy outdoor seating area where guests can unwind and soak up the sun.

Let’s play with textures and colors to add some pizzazz. Accent walls? Yes, please! Interesting wallpapers? Absolutely! And don’t forget to bring nature inside—plants, plants, and more plants. They add life and freshness to any space.

Now, let’s talk details. Small things can make a big impact. Think statement mirrors, quirky art pieces, or even a witty doormat that’ll make your guests chuckle. These little touches will not only make your space Instagram-worthy but also leave a lasting impression on your guests.

Mastering Airbnb in 2023, Photo Copyright Shanti Mountain Properties, LLC

Mastering Airbnb in 2023, Photo Copyright Shanti Mountain Properties, LLC

Tip 3: Unveiling the Airbnb Algorithm’s Secrets

Okay, folks, it’s time to dive into the Airbnb algorithm. Now, they don’t spill all the beans, but we’ve got some insider info for you. It’s like cracking a secret code, but way more fun!

First things first, nail that listing title and description. Use keywords that guests are likely to search for. And hey, don’t forget to show off your property’s unique features and highlight nearby attractions and amenities. We want those potential guests to be drooling over your listing!

Next up, reviews are your secret weapon. Treat your guests like royalty, and those positive reviews will pour in. Respond promptly, go the extra mile, and make sure your guests have the best experience ever. Oh, and pricing matters too! Stay competitive!

Shanti Mountain Properties' logo in a black outline. There are three triangles overlapping. The one on the left is medium-sized. The one in the middle is small and filled in. The triangle on the right is large and hollow.

Property Management & Vacation Home Rental Agency

About Us:

Shanti Mountain Properties is based in Asheville NC and has 14 years of experience accumulating over 6,000 reservations and 2,700 + reviews from our Airbnb properties. From our long standing property management experience we’re proud to have an excellent rating across all major platforms, a strong team, and a great relationships with Airbnb.Inc. We rely on our southern hospitality, customer service, longstanding property management history and with our newly constructed rustic/modern homes, tell us how we can be your property manager or host your stay in western North Carolina! Contact us from the drop down above, we’d love to hear from ya!!

 

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Follow us on Instagram

Asheville’s Amazing Murals!

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  About Us: Shanti Mountain Properties is based in Asheville NC and has 14 years of experience accumulating over 6,000 reservations and 2,700 + reviews from our Airbnb properties. From our long standing property management experience we’re proud to have an excellent rating across all major platforms, a strong team, and a great relationships with […]

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