Podcast appearances and mentions of jamie lane

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Best podcasts about jamie lane

Latest podcast episodes about jamie lane

Good Morning Hospitality
Airbnb Goes Experiential, Expedia Bets on AI: Jamie Lane Breaks It Down

Good Morning Hospitality

Play Episode Listen Later May 19, 2025 36:15


Fresh off his exclusive interview with Airbnb CFO Ellie Mertz, Jamie Lane joins Wil Slickers, Michael Goldin, and Brandreth Canaley to unpack Airbnb's pivot toward services, experiences, and a more social platform future. We dive into what this means for hosts and operators—and how Expedia Group's latest moves in AI, advertising, and B2B at Explore 2025 signal a broader battle for the future of trip planning. Plus, a quick shoutout to Moving Mountains and Robin Craigen on their exciting new chapter with StayTerra! ---- ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Good Morning Hospitality⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ is part of the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Hospitality.FM⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn page⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠order here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • Retreats: Join us at one of our exclusive retreats—learn more and register your interest ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • Episodes & More: Find all episodes and additional info at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠GoodMorningHospitality.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex & Annie: The Real Women of Vacation Rentals
Are We in a Travel Recession? AirDNA's Jamie Lane Decodes the 2025 Market

Alex & Annie: The Real Women of Vacation Rentals

Play Episode Listen Later May 14, 2025 47:48 Transcription Available


Send us a message!Is the short-term rental industry on the edge of a travel recession, or just entering a new phase of normalization?In this episode of Alex & Annie: The Real Women of Vacation Rentals, AirDNA's Chief Economist Jamie Lane joins us to explain what the data is revealing about the 2025 market. With demand softening among budget travelers, international bookings pulling back, and economic uncertainty on the rise, Jamie helps make sense of the mixed signals facing STR professionals today.Jamie also shares how AirDNA is evolving to better support property managers in this climate, with new tools, smarter comps, and deeper forecasting capabilities. Whether you're adjusting pricing strategies, watching booking windows shrink, or wondering what's next for growth, this conversation provides the clarity and context you need.Key Topics Discussed:1️⃣ Are we in a travel recession? Early signals from airline and STR data2️⃣ Why summer 2025 bookings are slower, especially in budget and urban segments3️⃣ Hotels gaining share in cities as STR growth is restricted by regulation4️⃣ Supply growth slows across most markets and what that means for operators5️⃣ Signs of guests trading down, shortening trips, and delaying decisions6️⃣ The impact of fewer Canadian and European travelers this year7️⃣ Airbnb's urban inventory problem and the increasing presence of hotels on OTAsJamie also shares his outlook for the rest of 2025 and why, despite current challenges, the long-term growth of short-term rentals remains strong.Connect with Jamie:LinkedIn: https://www.linkedin.com/in/jamiehlane/Mention "Alex & Annie" when you sign up with Boom to get 50% off your onboarding fee and 1 month FREE: ⁠⁠⁠https://www.boomnow.com/⁠⁠#vacationrentals #travelrecession #shorttermrentals

Short Term Rental Secrets Podcast
Ep 240 - New STR Data Revealed: What AirDNA Is Seeing (And What You Should Do Now) with Jamie Lane

Short Term Rental Secrets Podcast

Play Episode Listen Later May 5, 2025 45:36


THE STR GAME HAS CHANGED AND THE DATA PROVES IT.AirDNA's Chief Economist Jamie Lane joins the show to break down what's actually happening behind the scenes in the short-term rental market......and why most hosts are missing the shift.Inside this episode:The real story behind occupancy, rates, and guest demand in 2024Why “big box” managers are losing properties fastThe key numbers top investors are watching (and how to use them)How AirDNA's new tools are reshaping STR deal analysisThe warning signs for hosts scaling past 50 units and what breaks firstWhy small, well-managed portfolios are quietly outperforming everyoneYou'll also hear how Jamie's team is using AI and custom comps to bring never-before-seen clarity to STR investing......and what you can do to stay ahead.Listen now to future-proof your portfolio before the data leaves you behind.03:30 – Supply Shock: Why New STR Listings Are Surging Nationwide07:00 – Booking Behavior: How Travelers Are Changing Their Habits10:00 – Revenue Realities: The Decline in ADR and Occupancy Rates13:30 – Market Saturation: Top Cities Facing Over-Supply Pressures17:00 – Strategic Advantage: How to Win in Competitive Markets21:00 – Data-Backed Decisions: Using AirDNA to Stay Ahead24:00 – The Investor Shift: From Arbitrage to Ownership Models27:00 – Resilience & Risk: Preparing for Softening Demand Cycles30:00 – Long-Term Outlook: What Smart Operators Are Doing NextGuest Bio:Jamie Lane is Vice President of Research for AirDNA, a short-term rental data & analytics company. He is responsible for data analysis, thought leadership, and leveraging advanced analytical techniques to provide new insights into short-term rental supply, demand, and pricing trends. He has been published in academic and professional journals and regularly speaks at lodging industry forums.Prior to AirDNA, Jamie spent 10 years as an economist at CBRE, leading research, forecasting and data intelligence teams to support client analysis. Mr. Lane is an active member of the National Association of Business Economists and the Atlanta Economics Club. Jamie holds a B.S. in Economics from the University of Georgia and an M.S. in Business Economics from Georgia State University.Guest Link:https://www.linkedin.com/in/jamiehlaneGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com

Good Morning Hospitality
Airbnb's Q1: Growth Slows, Eyes on AI – Plus OTA Outlook from Booking & Expedia

Good Morning Hospitality

Play Episode Listen Later May 5, 2025 35:19


In this episode of Good Morning Hospitality, Wil Slickers, Brandreth Canaley, Michael Goldin, and Jamie Lane break down Airbnb's Q1 2025 results, highlighting slowing growth in the U.S. and a surge in international markets. The team covers the shift in nights and experiences booked, record-high ADRs, and what CEO Brian Chesky means when he says Airbnb is nearing the "end of the beginning." We also unpack the key takeaways from Booking Holdings (NASDAQ: BKNG) and Expedia Group's Q1 earnings—what their results say about the state of online travel, how each platform is investing in AI, and where they're pulling back. Plus, we explore the macro trends driving travel this summer and why all three OTAs are bracing for softer U.S. demand. This one's packed with insights for operators, investors, and tech vendors across travel and hospitality. ---- ⁠⁠⁠⁠Good Morning Hospitality⁠⁠⁠⁠ is part of the ⁠⁠⁠⁠Hospitality.FM⁠⁠⁠⁠ Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our ⁠⁠⁠⁠LinkedIn page⁠⁠⁠⁠ or ⁠⁠⁠⁠YouTube⁠⁠⁠⁠ every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—⁠⁠⁠⁠order here!⁠⁠⁠⁠ • Retreats: Join us at one of our exclusive retreats—learn more and register your interest ⁠⁠⁠⁠here!⁠⁠⁠⁠ • Episodes & More: Find all episodes and additional info at ⁠⁠⁠⁠GoodMorningHospitality.com⁠⁠⁠⁠ Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Navigating Vacation Rental Marketing and Growth with Rebecca Lombardo

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later May 1, 2025 33:02


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, is joined by Rebecca Lombardo, a fractional CMO and marketing strategist. Jamie and Rebecca discuss the meaning of a fractional CMO and its role in the vacation rental industry. Rebecca shares her journey into the vacation rental space, starting as a CMO at True Place, a company specializing in photography and virtual tours for vacation rentals.  The conversation covers the difference between listing and marketing a property, including the importance of understanding your audience through market research. Rebecca explains how to generate demand by tailoring marketing efforts to resonate with guests and homeowners, rather than relying solely on platforms like Airbnb or VRBO. She emphasizes the value of data in determining where to focus marketing efforts, such as social media demographics and email engagement.  The episode also touches on measuring the success of marketing strategies through various funnel stages, from initial engagement to conversions. Rebecca advises hosts on the initial steps for developing a marketing strategy and highlights the significance of identifying and targeting a niche audience. The importance of building a brand that stands out in a crowded market is discussed, including the potential to attract both guests and homeowners. Jamie and Rebecca also explore strategies for owner acquisition, particularly within specific communities, and the advantages of organic growth through word-of-mouth. During times of economic uncertainty, Rebecca stresses the importance of maintaining marketing efforts to capitalize on future opportunities.  The discussion includes insights on organic and paid social marketing, as well as the benefits of investing in marketing during downturns. Finally, Rebecca provides her perspectives on engaging in effective marketing and adapting to changing market conditions. You don't want to miss this episode! ~~~~ https://www.linkedin.com/in/rebeccabredholt/ ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Trends, Tariffs, and Market Projections

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Apr 24, 2025 30:02


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, is joined by Bram Gallagher, Director of Forecasting at AirDNA. The duo discusses several pressing topics within the short-term rental industry and broader economic indicators. They begin by reviewing March performance and early April trends, noting a mixed story influenced heavily by recent tariff announcements. Despite a challenging 2023, 2024 saw positive momentum, particularly in mountain resorts benefiting from good snowfall. However, March presented a slight decline in demand growth and occupancy rates, partly due to a calendar shift with spring break and Easter moving to April.  Urban markets saw significant new listings, leading to a notable increase in supply, especially in cities like Jersey City and Newark, following New York's short-term rental regulations. Interest rates, inflation, and consumer confidence are discussed in depth. Bram notes a hesitant stance from the Fed to lower interest rates due to inflationary pressures. Employment remains strong, but consumer confidence and business sentiment have declined.  The discussion also touches on the impact of exchange rates on international travel, with Americans potentially favoring domestic destinations due to a weaker dollar against the Euro. Further, summer travel pacing shows positive trends in traditional vacation rental markets but sluggish demand in urban and suburban areas. Lastly, the episode delves into price evolution, with March showing smaller increases in average daily rates (ADRs) compared to January and February, highlighting affordability concerns amid economic uncertainties. Bram concludes with a look ahead, emphasizing the importance of monitoring layoffs and wage inflation as critical indicators for the economic outlook. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Feeling the Market: Adaptive Revenue Management in Unpredictable Times

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Apr 17, 2025 40:15


In this episode of the STR Data Lab, Jamie Lane is joined by John An, founder of TechTape. The two share insights into navigating today's volatile travel market. Jamie highlighted that 2024 is shaping up to be a more challenging year, with signs of softening demand in several U.S. markets. He pointed to Washington, D.C. as a key example, where government-related travel is slowing due to federal budget tightening. John emphasized that revenue management today is more about feel and adaptability than relying solely on hard data. He compared it to driving—requiring constant micro-adjustments rather than abrupt turns. Jamie supported this idea, adding that operators who watch their pacing, ADR, and occupancy weekly or even daily are the ones staying ahead. John mentioned that too many small operators still use a “set it and forget it” approach to pricing, which is risky in the current environment. He explained that intuition should be paired with data to make smart, timely decisions. Jamie echoed that sentiment, noting that even in tough markets, success is possible with active monitoring and responsiveness. John said the best operators act like football coaches—adjusting their strategy based on how the “game” (market) is playing out, not just on a pre-written playbook. Both speakers agreed that frequent check-ins—weekly or bi-weekly—on business performance are critical. John stressed that there's no one-size-fits-all model, and pricing strategies need to be fluid. Jamie added that being proactive instead of reactive is a key differentiator right now. They concluded that the combination of consistent data review and strategic intuition is what separates good operators from great ones. Ultimately, staying close to the numbers while understanding the story behind them is the best path forward. You don't want to miss this episode! ~~~~ www.https://www.gettechtape.com/ ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Finding and Creating Super Properties with Bill Faeth

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Apr 12, 2025 40:00


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, chats with Bill Faeth, founder of Build Short-Term Rental Wealth and a 30-year real estate investor. Bill shares his journey into short-term rentals, which began in 2015 after a convincing conversation with an electrician friend. He describes transition from traditional real estate to short-term rentals by purchasing his first property in Gulf Shores, Alabama.  Bill provides insights into his investment strategy, influenced by the Pumpkin Plan book, and breaks down his unique approach to creating 'super properties.' He explains that successful investments rely on leveraging unique attributes like views, proximities, and amenities—elements that make properties stand out in specific markets. Bill emphasizes the importance of patience and the ability to hold out for ideal investments, rather than compromising on less optimal properties. The dialogue extends into financial advice, indicating that now, amidst market volatility, is a prime time for confident investors to make strategic buys, provided they understand both the cash flow potentials and potential depreciation of their purchases.  The conversation also delves into identifying markets that others may overlook, leveraging various data points to mitigate risks and maximize returns. Bill discusses the significance of outdoor enhancements and views, over just the property's internal features, to substantially boost earnings. He advises listeners on practical approaches like employing multiple data tools, grading properties strategically, and capitalizing on off-market opportunities to ensure investments align with long-term goals. The episode underscores the importance of thinking beyond conventional strategies by using comprehensive data and innovative planning for generating superior returns in short-term rental investments. You don't want to miss this episode! ~~~~ https://go.buildstrwealth.com/superpropertygrader https://www.instagram.com/billfaeth73/ ~~~~ Signup for AirDNA for FREE

Hospitality Daily Podcast
Hospitality's Early Warning Signs: What the Data Reveals About the Economy Ahead - Jamie Lane, AirDNA

Hospitality Daily Podcast

Play Episode Listen Later Apr 7, 2025 41:18 Transcription Available


In this episode, Jamie Lane, Chief Economist at AirDNA, reveals how data provides crucial early warnings for broader trends—and what hospitality professionals can do about it.What you'll learn in this episode:How hospitality's approach to data has shifted—from historical analysis to predictive insights.Why short-term rental bookings provide an early glimpse into hotel demand.The connection between short-term rentals and hotel markets.What niche short-term rental growth signals for hospitality investors.How economic uncertainty impacts consumer booking behavior and spending.The critical influence of the "wealth effect" on travelers' decisions.Practical ways to leverage data for operational agility and better decision-making in uncertain times.Resources mentioned:AirDNA Market InsightsJamie's STR Data Lab PodcastEconomic Policy Uncertainty IndexIf you liked this, you may also like:Control What You Can: How Top Hoteliers Are Navigating Chaos in 2025 (Hunter Hotel Investment Conference Insights)Why Real-Time Operations Will Define Success in Hospitality - Josiah Mackenzie & Wil Slickers A few more resources: If you're new to Hospitality Daily, start here. You can send me a message here with questions, comments, or guest suggestions If you want to get my summary and actionable insights from each episode delivered to your inbox each day, subscribe here for free. Follow Hospitality Daily and join the conversation on YouTube, LinkedIn, and Instagram. If you want to advertise on Hospitality Daily, here are the ways we can work together. If you found this episode interesting or helpful, send it to someone on your team so you can turn the ideas into action and benefit your business and the people you serve! Music for this show is produced by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands

STR Data Labâ„¢ by AirDNA
Mastering Short-Term Rental Photography with Andrew Keller

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Apr 3, 2025 37:01


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, is joined by Andrew Keller, a short-term rental photographer and founder of ISOneedphotos. Andrew shares the importance of professional photography for short-term rentals, emphasizing how it can significantly improve booking rates. He outlines his journey into photography, starting from a young age and transitioning into short-term rental photography around December 2020.  Andrew highlights the common mistakes property owners make by using amateur photographs, noting that lack of professional photos can cost potential bookings. He discusses the evolution of his own photographic style, emphasizing the importance of providing a variety of photos, including drone shots, twilight shots, and interior shots from multiple angles. Andrew mentions how his extensive experience, which includes photographing properties in 22 different states and Costa Rica, has honed his skills. He believes in dedicating a full day to a shoot to capture the best light at different times of the day. He also offers advice on staging for short-term rental photography, stressing the importance of details like setting the dining table, filling the hot tub, and ensuring sufficient matching plates and utensils. Jamie corroborates the importance of professional photography, sharing personal anecdotes about how professional photos helped answer guest questions and lowered guest dissatisfaction.  Andrew provides tips for those considering DIY photography, such as holding the camera at light switch height and managing lighting. He advises on how to find a good local photographer by checking their recent work on Airbnb listings and stresses thorough preparation of the property before the photographer's visit, ensuring it is guest-ready. Andrew shares his future goals of investing in his own short-term rental property and talks briefly about his co-hosting experiences. He also offers contact details for those interested in his services and emphasizes his commitment to helping clients increase bookings through top-tier photography. You don't want to miss this episode! ~~~~ Andrew Keller Contact Info: https://isoneedphotos.com/ 423-316-1967 ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Assessing Economic Uncertainty and Its Impact on the STR Industry

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Mar 27, 2025 29:20


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, is joined by Bram Gallagher, Director of Economic and Forecasting at AirDNA, to discuss current economic uncertainties and their potential impact on the lodging industry. They delve into the new presidential administration and recent fluctuations in the stock market, which have introduced significant uncertainty.  Despite strong fundamentals in unemployment rates and GDP growth, consumer sentiment and the economic policy uncertainty index show signs of concern, with the latter reaching its highest level since COVID-19. A notable topic is the influence of tariffs, including their imposition and the ensuing trade wars impacting international travel. Canadian travel to the U.S. has notably decreased, with several flight routes canceled, significantly affecting markets with high Canadian tourist reliance.  Additionally, stock market volatility influences consumer spending through the wealth effect, potentially curbing leisure travel plans. The discussion also covers sectors like business travel, where cuts and price sensitivity have emerged. The participants conclude that current data still supports strong economic performance, but the downside risks necessitate vigilance over future metrics and trends. Concerns such as tariff impacts, inflation, and travel behavior shifts underscore the importance for lodging operators to stay informed and adaptable in their strategies. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Airbnb Fires at Vrbo, Hotel Share Shrinks, STRs Hold Ground

Good Morning Hospitality

Play Episode Listen Later Mar 24, 2025 34:18


On this episode of Good Morning Hospitality, Wil Slickers, Brandreth Canaley, Michael Goldin, and Jamie Lane dig into Vrbo's bold billboard campaign taking aim at Airbnb—and Airbnb's sharp response in a recent Skift article. We explore what this marketing feud reveals about platform dynamics and traveler sentiment. Jamie also unpacks the latest hotel and short-term rental data from his presentations at the Hunter Hotel Advisors Conference. From shifting demand toward rural markets and larger STRs to the pause in supply growth, we analyze the signals pointing to where the market is headed. Plus, we break down key insights from Oxford Economics on macroeconomic headwinds, traveler behavior, and hotel performance trends. It's a data-packed conversation with real implications for anyone in hospitality. This episode is brought to you by our friends at Fido! No more headaches managing your vacation homes and asking your guests to take the trash bins to the curb! Want to execute great hospitality for your guests? Get with Fido today at getfido.com/gmh ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Morning Hospitality
Airbnb Fires at Vrbo, Hotel Share Shrinks, STRs Hold Ground

Good Morning Hospitality

Play Episode Listen Later Mar 24, 2025 34:18


On this episode of Good Morning Hospitality, Wil Slickers, Brandreth Canaley, Michael Goldin, and Jamie Lane dig into Vrbo's bold billboard campaign taking aim at Airbnb—and Airbnb's sharp response in a recent Skift article. We explore what this marketing feud reveals about platform dynamics and traveler sentiment. Jamie also unpacks the latest hotel and short-term rental data from his presentations at the Hunter Hotel Advisors Conference. From shifting demand toward rural markets and larger STRs to the pause in supply growth, we analyze the signals pointing to where the market is headed. Plus, we break down key insights from Oxford Economics on macroeconomic headwinds, traveler behavior, and hotel performance trends. It's a data-packed conversation with real implications for anyone in hospitality. This episode is brought to you by our friends at Fido! No more headaches managing your vacation homes and asking your guests to take the trash bins to the curb! Want to execute great hospitality for your guests? Get with Fido today at getfido.com/gmh ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
February STR Performance: Winners, Losers & What's Next

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Mar 20, 2025 27:31


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and co-host Scott Sage, SVP of Marketing & Customer Experience, discuss short-term rental performance for February 2025. They start by noting strong overall demand, with a 5% year-over-year increase, although the first weeks of March showed a decline. Supply growth, marked at 3.9%, shows stabilization despite some markets seeing negative growth. They delve into detailed metrics like RevPAR, which rose 5%, and an ADR increase of 6%.  The conversation covers the impact of recent events like March Madness, the Super Bowl in New Orleans, and Beyonce's concert tour. Jamie discusses economic indicators, forecasting potential impacts due to factors like tariffs, taxes, and slowed government bookings, which could lead to declines in certain markets. They touch on internally-focused metrics like ADR and the repeat rent index, noting positive trends. Forward-looking, Jamie expresses cautious optimism for the short-term rental market's first half of the year, despite broader economic uncertainties.  The hosts emphasize the need for rental operators to stay vigilant of market-specific data, especially in light of potential travel slowdowns and macroeconomic concerns. Finally, they discuss March events like St. Patrick's Day and highlight the importance of local market expertise and constant monitoring of pacing data to adjust strategies effectively. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
The Power of Automation in STRs: Turno's Impact on Hosts & Managers

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Mar 13, 2025 35:36


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, welcomes Assaf Karmon, CEO and co-founder of Turno. The discussion dives into Turno's platform, which helps short-term rental owners find reliable cleaners, automate scheduling, and essentially autopilot their business. Assaf describes his initial venture into short-term rentals, emphasizing the challenges he faced, leading to the creation of Turno—a marketplace for vacation rental cleaners in multiple countries. Jamie shares his personal experience using Turno and highlights its efficiency in sourcing cleaners. They discuss the variance in cleaning fees and how Turno's vetting process helps in choosing the right cleaners.  The conversation also touches on features such as tracking cleaner projects, guest cleanliness scores, and creating a redundant team of cleaners for reliability. Assaf explains the importance of managing exceptions and maintaining a team for backup. They delve into automating various aspects of property management beyond cleaning, including maintenance and inventory tracking. Assaf also brings up an interesting customer success story that underscores the seamless automation provided by Turno. Jamie raises concerns about potential risks in automation, and Assaf reassures him with Turno's support in crisis situations.  They discuss the range of Turno's clients, from small hosts to large property managers, and Assaf shares insights on the highest cleaning fees and challenges in sourcing cleaners in specific markets. Assaf emphasizes the importance of using automation to save time and mental capacity, encouraging hosts to focus on bigger ventures. He concludes by sharing how to reach out to Turno and himself for further queries. You don't want to miss this episode! ~~~~ https://turno.com/ ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Direct Bookings Made Easy: How Savvy is Changing Vacation Rentals

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Mar 6, 2025 44:42


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and Eric Goldreyer, the CEO and Founder of Savvy. Eric shares his rich history in the vacation rental industry, dating back to 1995 when he and his wife founded bedandbreakfast.com. The website became the leading platform for bed and breakfast listings and property management software. Eric recalls his journey, from creating central reservation systems, to selling bedandbreakfast.com, taking time off, and eventually pioneering new ventures like Turnkey Vacation Rentals and Funair.  He highlights the pain points property managers face with high distribution costs and how the Savvy platform aims to address these issues. Savvy offers a fresh approach with a no-fee model, aiming to facilitate direct bookings for vacation rentals, thereby saving costs for property managers and guests. Eric delves into the company's strategy, including maintaining algorithms that ensure high-quality matches between guests and properties. He emphasizes the importance of providing great hospitality, managing distribution costs, and building repeat and word-of-mouth business.  The conversation takes a deeper dive into the competitive landscape, where Eric stresses that Savvy doesn't aim to replace OTAs but complement them by offering an alternative that reduces booking costs. Jamie and Eric also discuss the importance of effective direct booking sites for property managers and the evolving dynamics of website quality, revenue management, and the role of property managers. Eric concludes by envisioning a future where Savvy is successful, benefiting both travelers and property managers, and addresses the challenges and opportunities within the vacation rental industry. He provides insights into what new property managers should focus on, drawing from his extensive experience in the sector. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
January 2025 Recap and Predictions

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Feb 27, 2025 24:11


In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and Scott Sage, SVP of Marketing, discuss the performance of the Short-Term Rental (STR) market in January. The episode highlights data from Airbnb, Booking.com, and VRBO's Q4 reports, revealing a 12-19% increase in nights booked across platforms. Jamie emphasizes the importance of being multi-channel listed to maximize bookings. Supply growth was reported at 4.3%, while demand growth surged to 8.9%, resulting in over 20 million nights booked, predominantly for spring break. Market dynamics in the U.S. showed record-high January bookings, with an Advanced Daily Rate (ADR) increase of 5% year-over-year. Despite inflation concerns, January provided a strong start, with higher booking volumes and pricing power.  The discussion extends into interest rates and their impact on the STR market, mentioning a slight decline in 10-year treasuries and 30-year fixed-rate mortgages. Specific market performance is dissected, noting strong demand in mountain and lake areas due to favorable weather. Additionally, small cities and rural markets experienced a 23% demand growth. Jamie also provides insights into challenges for standardized properties, urging hosts to differentiate through better amenities. Lastly, the episode addresses the continued impact of natural disasters like hurricanes and fires on bookings in affected areas, indicating a possible decrease in specific markets like Los Angeles and Maui. Jamie concludes with potential macroeconomic impacts, including government job cuts and cross-border travel trends between Canada and the U.S. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Breaking Down Q4: Booking.com & Airbnb Earnings + Airbnb's Legal Battle in New Orleans

Good Morning Hospitality

Play Episode Listen Later Feb 24, 2025 37:09


This week on Good Morning Hospitality, Jamie Lane returns as our guest host alongside Wil Slickers, Brandreth Canaley, and Michael Goldin to dissect the latest Q4 earnings from Booking.com and Airbnb. With revenue trends, profitability shifts, and market outlooks in focus, we'll analyze what these numbers reveal about the broader travel and hospitality industry. But that's not all—Airbnb is suing the city of New Orleans over its latest short-term rental regulations. We break down the lawsuit, what's at stake for hosts and travelers, and what this means for the future of STR policies in major cities. Tune in for expert insights, industry analysis, and real-time reactions to the biggest headlines in hospitality! ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Morning Hospitality
Breaking Down Q4: Booking.com & Airbnb Earnings + Airbnb's Legal Battle in New Orleans

Good Morning Hospitality

Play Episode Listen Later Feb 24, 2025 37:09


This week on Good Morning Hospitality, Jamie Lane returns as our guest host alongside Wil Slickers, Brandreth Canaley, and Michael Goldin to dissect the latest Q4 earnings from Booking.com and Airbnb. With revenue trends, profitability shifts, and market outlooks in focus, we'll analyze what these numbers reveal about the broader travel and hospitality industry. But that's not all—Airbnb is suing the city of New Orleans over its latest short-term rental regulations. We break down the lawsuit, what's at stake for hosts and travelers, and what this means for the future of STR policies in major cities. Tune in for expert insights, industry analysis, and real-time reactions to the biggest headlines in hospitality! ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Why Consistency is King in Luxury Travel with Jonah Hanig

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Feb 20, 2025 31:08


In this episode of the STR Data Lab, Jamie Lane, chief economist at AirDNA, sits down with Jonah Hanig, CEO of Rove Travel. Jonah shares his journey from Chicago suburbs to New York City, his stint as an investor, and the experiences that inspired the founding of Rove Travel. He recounts how living in various Airbnbs during the pandemic was a mixed bag and spurred him to create a consistent luxury home rental marketplace.  The conversation delves into the challenges and strategies for ensuring high quality and service in luxury travel. Jonah explains how Rove Travel aims to bridge the gap between short-term and midterm rentals in New York, emphasizing that they started with a focus on midterm rentals in compliance with local laws. They discuss expansion into other luxury markets like the Hamptons, Aspen, and Southeast Florida, acknowledging the operational complexities involved. Jonah describes their distribution strategy, leveraging platforms like Airbnb, Vrbo, and their direct booking platform, Rovetravel.com. He highlights the importance of property quality and exemplary service, sharing anecdotes and challenges they faced in maintaining high standards. The discussion also covers how Rove Travel differentiates itself from traditional rentals and high-end hotels, offering properties that justify their rates through superior service and amenities. Jonah sheds light on their homeowner strategy, emphasizing investment properties over primary residences. He explains that their business thrives on word-of-mouth, good results, and strategic market expansion. The podcast concludes with insights on the future of the luxury rental market and advice for prospective investors, emphasizing the importance of understanding market dynamics and leveraging asymmetric information. You don't want to miss this episode! ~~~~ www.rovetravel.com https://www.instagram.com/rove_travel/ ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
The Impact of Tariffs & Regulations on Short-Term Rentals in Canada

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Feb 13, 2025 44:07


In this episode of the STR Data Lab, Jamie Lane, chief economist at AirDNA, sits down with Catherine Rathcliffe to discuss recent developments affecting short-term rentals, especially in Canada. The conversation shifts from past topics like insurance and HR to focus on the significant news in Canadian short-term rentals. With the Trump's administration's proposed tariffs and heightened political tensions, both Canadian and American operators are feeling the impact. Rathcliffe, a repeat guest, brings her expertise on Canadian travel and economic implications. She reflects on the historical relationship between the U.S. and Canada, highlighting how the falling Canadian dollar and political tensions are affecting travel behaviors. She notes that 20 million Canadians visited the U.S. last year, making up a significant portion of international visitation, while Canadians represented 3% of U.S. demand in short-term rentals last year. The current environment promotes a sense of patriotism in Canadians opting for domestic travel, potentially influencing similar sentiments among Americans considering travel to Canada.  The discussion also touches on local regulations in Montreal and British Columbia, and their impact on the short-term rental market. Rathcliffe suggests that enforcement nuances and public-private collaborations play a role in how these regulations are implemented. As political figures change, upcoming elections could further influence travel and economic policies. Despite these challenges, Rathcliffe remains optimistic about opportunities in the short-term rental market, predicting continued change and emphasizing the importance of being mindful of family protectionism and economic decisions. Lastly, Rathcliffe encourages everyone to vote and ensure their voice is heard in these politically turbulent times. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Super Bowl, Mardi Gras & More: STR Strategies for High-Demand Events

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Feb 6, 2025 31:00


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, interviews Brandy Canaley, COO of Roami and fellow GMH podcast host. They delve into the complexities and strategies of managing short-term rentals during major events such as the Super Bowl, Mardi Gras, and Taylor Swift concerts. Brandy shares her expertise on operations, pricing, and staffing challenges that arise when markets are near full occupancy. Roami operates about 800 units in urban environments like South Florida and New Orleans, where high ADR events are common.  They discuss the advance planning required for these events, from ensuring units are cleaned on time to coordinating with contracting agencies for extra help. Brandy emphasizes the importance of meticulous planning, setting proper expectations for guests, and managing last-minute bookings. The conversation touches on the impact of local regulations on short-term rental markets, using New Orleans as a case study. Additionally, Brandy talks about the need to balance high rates with guest satisfaction and how small gestures can enhance the guest experience. She advises smaller hosts to streamline operations and be prepared for higher clean-up requirements post-event.  The interview also covers tips for making rental listings stand out during high-demand periods. Brandy shares insights on managing listings' location descriptions and leveraging amenities to attract guests. She also highlights the importance of maintaining calm under pressure and rewarding staff after high-demand weekends. Finally, Brandy invites listeners to learn more about Roami's short-term rentals in Miami and New Orleans and to tune in to the GMH podcast for further industry insights. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Affordability, Mortgage Rates, and Housing Dynamics: What Investors Need to Know

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Jan 30, 2025 36:31


In this episode, Jamie Lane, Chief Economist at AirDNA, is joined by Dave Meyer, Head of Real Estate Investing at BiggerPockets, to delve into the intricacies of the housing market. The discussion touches on the dynamics of short-term rental investments and the broader housing market, highlighting why understanding these trends is crucial for investors. Dave reflects on the volatility of affordability and mortgage rates over the past year and the factors affecting home values. They also discuss the disparity between affordability and home values, noting that more Americans are spending a larger portion of their income on housing.  The conversation transitions to the rental market, where multifamily rents have decreased and single-family rents have remained stable, influenced by a surge in multifamily supply amidst a housing shortage. Dave suggests that while rent growth has stagnated, there might be bullish trends starting in 2026 as supply normalizes. They address the impact of institutional versus small investors in the current market landscape, pointing out a pullback in large-scale institutional investments, which opens opportunities for small, diligent investors. The concept of Build to Rent, where entire communities are developed solely for rentals, is introduced as an ongoing trend.  The discussion pivots to short-term rentals, emphasizing how small capital investments in amenities can yield high returns, contrasting with long-term rental strategies. Dave advises patience as a crucial strategy for 2025, as well as looking for properties with hidden value through creative improvements and zoning changes. The need for a localized approach in identifying investment opportunities is highlighted, along with the benefits of understanding infrastructural developments in certain areas.  The episode concludes with Dave encouraging listeners to leverage their unique advantages as small investors and emphasizing the importance of taking a long-term view on investments. For more insights, listeners are directed to BiggerPockets' resources and Dave's podcast, On the Market. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Hopper's IPO Rumors & AI's Role in Hospitality with Open AI's Operator

Good Morning Hospitality

Play Episode Listen Later Jan 27, 2025 36:20


This week on Good Morning Hospitality, Wil Slickers, Brandreth Canaley, and Jamie Lane dig into the headlines shaping travel and hospitality. With Hopper reportedly preparing for an IPO, the team examines the company's strategy, its controversial reliance on fintech products, and what its potential public debut could mean for the industry. They'll also explore OpenAI's new Operator, a cutting-edge AI tool designed to autonomously handle tasks, and discuss whether this kind of technology is ready to make meaningful contributions to hospitality operations—or if it's more hype than help. Finally, they'll touch on why airlines are struggling to keep up with soaring demand and how these challenges are creating ripple effects across travel and hospitality. Tune in for grounded insights, honest takes, and the latest updates on what's happening in the industry. --- This episode is brought to you by Fido, the newest GMH partner! Say goodbye to headaches with Fido's reliable services for vacation rentals. From trash bin management to junk removal and property inspections, Fido keeps your properties guest-ready and stress-free. Learn more at getfido.com ---- Good Morning Hospitality is part of the Hospitality.FM Multi-Media Network and is a Hospitality.FM Original The hospitality industry is constantly growing, changing, and innovating! This podcast brings you the top news and topics from industry experts across different hospitality fields. Good Morning Hospitality publishes three thirty-minute weekly episodes: every Monday and Wednesday at 7 a.m. PST / 10 a.m. EST and every Tuesday at 8 a.m. CET for our European and UK-focused content. Make sure to tune in during our live show on our LinkedIn page or YouTube every week and join the conversation live! Explore everything Good Morning Hospitality has to offer: • Well & Good Morning Coffee: Enjoy our signature roast—order here! • Retreats: Join us at one of our exclusive retreats—learn more and register your interest here! • Sponsorships & Media: Partner with us or explore our offerings through our media kit—visit here! • Episodes & More: Find all episodes and additional info at GoodMorningHospitality.com Thank you to all of the Hospitality.FM Partners that help make this show possible. If you have any press you want to be covered during the show, email us at goodmorning@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
The Best Places to Invest in Short-Term Rentals in 2025

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Jan 23, 2025 29:21


In this episode of STR Data Lab, Jamie and Scott discuss the 2025 edition of the Best Places to Invest (BPTI) report. Jamie shares insights into booking trends and the significant importance of January and February for the year's performance. The BPTI report aims to identify the top markets for investment based on a decade's worth of data. It's built on a robust methodology, focusing on investability, demand, revenue, and regulation, and offers a macro-level view but introduces price-tier segmentation for more personalized investment guidance. This year's BPTI uses newly improved metrics, including a focus on homes currently for sale, applying granular data from 250,000 homes to refine investability scores. The podcast unveils the top five markets for 2025: Crescent City, CA; Columbus, GA; Akron, OH; Fairbanks, AK; and Peoria, IL. Additionally, the report underscores trends like strong performance in midsize cities and introduces new filters for price tiers, providing diverse market opportunities from low to high investment brackets.  Jamie and Scott break down the specificities of each market, touching upon key metrics, evolving supply and demand, and regulations. They also provide instructions for utilizing AirDNA's platform to tailor individual investment strategies based on personal criteria and market preferences. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
2025 Predictions: Hospitality's Year Ahead with the GMH Team

Good Morning Hospitality

Play Episode Listen Later Jan 13, 2025 36:50


The GMH team—Michael Goldin, Brandreth Canaley, Jamie Lane, and Wil Slickers—shares their bold predictions for the hospitality industry in 2025. This episode is part of a month-long GMH tradition, with all shows and hosts revealing their insights for the year ahead. Be sure to tune in to every episode, and join us in December 2025 as we review how our forecasts measure up! ---- This episode is brought to you by Fido, the newest GMH partner! Say goodbye to headaches with Fido's reliable services for vacation rentals. From trash bin management to junk removal and property inspections, Fido keeps your properties guest-ready and stress-free. Learn more at getfido.com — Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. This show is structured to cover industry news in travel and hospitality and is recorded live every Monday morning at 7 a.m. PST/10 a.m. EST. So make sure you tune in during our live show on our social media channels or YouTube and join the conversation live! Thank you to all of the Hospitality.FM Partners that help make this show possible, and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
How to Find the Right STR Real Estate Agent with Nikkei Rosenberg

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Jan 9, 2025 42:28


In this episode of the STR Data Lab, Jamie Lane sits down with Nikkei Rosenberg, a real estate agent from Savvy Realty, discussing the importance of finding the right real estate agent for short-term rental investments. Nikkei shares her extensive background in vacation rental management, starting from a young age in St. Augustine, Florida. She highlights her journey, including her roles at Vacasa and building a property management company.  Nikkei emphasizes the importance of understanding local regulations and having a strong network of vendors. She offers advice on how to identify competent real estate agents and stresses the necessity of thorough due diligence, including generating accurate income projections and understanding all operational expenses. Nikkei addresses the challenges in the North Florida market, such as higher interest rates and insurance costs, but highlights the opportunities that exist for savvy investors. She talks about the importance of property setup and the meaningful impact of unique branding and high-quality amenities. Nikkei sees current market conditions as an opportunity for those willing to put in the work and adapt to the evolving market dynamics.  She encourages potential investors to not be deterred by high interest rates and to focus on the long-term benefits, including potential future refinancing opportunities. Nikkei emphasizes the importance of surrounding oneself with a knowledgeable team and being prepared for the complexities of short-term rental investments. She concludes by offering her availability for consultations and encouraging aspiring investors to pursue their vision and not be afraid of failure. The episode ends with a call to action for listeners to connect with Nikkei through various social media platforms for more insights and to stay updated on new deals. You don't want to miss this episode! ~~~~ 10% of Code: strdatalab Visit airdna.co and enter the code at check out ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Exploring Airbnb's Future: Innovations and Expansion Plans

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Jan 2, 2025 39:57


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, discusses with Skift CEO Rafat Ali the future trajectory of Airbnb. The conversation delves into potential new business lines for Airbnb as it aims to launch billion-dollar ventures by 2025 and 2026. Lane talks about the need for Airbnb to expand beyond its core accommodations to maintain growth, especially as the short-term rental industry matures.  They cover Airbnb's new co-hosting network, which offers services like listing setup, guest communications, cleaning, and more. Jamie also explores potential new markets, such as car, boat, and plane rentals, and home improvement services. There's discussion on the role of trust in Airbnb's platform, their potential loyalty program, and the ability to monetize their ecosystem through ads and promote listings. They examine Brian Chesky's vision for expanding Airbnb into a multi-billion dollar business and its parallels with Amazon's growth strategy. Jamie suggests the prospects of creating physical social networks and meeting spaces for Airbnb guests. They consider whether these expansions could make Airbnb an indispensable part of travel, akin to Amazon Prime, offering enhanced services and experiences.  The episode concludes with reflections on the challenges and potential obstacles Airbnb might face in these ambitious expansions, and the community-driven value that these initiatives could bring to the Airbnb platform. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Exploring the Economic Trends and Innovation in the STR Market

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Dec 26, 2024 73:07


In this episode of the STR Data Lab, Jamie Lane is a guest on Wil Slickers podcast Slick Talk where they dive into his history within the travel and tourism sector. They discuss the impacts of COVID-19 on market dynamics and make predictions on the future of the STR (Short Term Rental) market. Topics include AirDNA's acquisition of Uplisting, the new video series 'Jamie's Lane Change,' and Lane's recent adventures in real investment. Jamie shares his extensive career, starting from his work at PKF Hospitality Research in 2010, his time at CBRE, and now his role at AirDNA. They delve into the differences between the hotel and STR markets, where STRs show rapid growth and innovation.  Jamie offers insights into the landscape and trends in both traditional and short-term rental markets, noting strong supply growth in STRs compared to the more mature hotel industry. The conversation broadens into macroeconomic factors, touching on interest rates, home values, and revenue projections for the STR industry. Jamie addresses the adaptability required of OTAs to keep pace with evolving market needs and predicts steady industry performance. He explains the rationale behind AirDNA's acquisition of Uplisting and the vast potential in expanding their services to smaller hosts. Jamie highlights global trends, emphasizing significant growth potential in regions like Latin America and Asia Pacific. In a rare political discussion, they discuss the potential economic impacts of recent elections on interest rates and immigration. Jamie also talks about his hands-on experience as a host with AirDNA's YouTube series, 'Jamie's Lane Change,' where he details his journey from market selection to managing properties. Jamie concludes by expressing his optimism for the STR market's future while acknowledging the sector's dynamic nature and varying microeconomic climates. The episode closes with an invitation to connect with Jamie on social media and check out AirDNA's extensive resources. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
2024 Hospitality Predictions: Hits, Misses, and Surprises

Good Morning Hospitality

Play Episode Listen Later Dec 16, 2024 38:30


The year is coming to a close, and it's time to reflect on the bold predictions we made at the start of 2024 for our last episode of the year! Join Wil Slickers, Michael Goldin, Brandreth Canaley, and Jamie Lane as they dive into what they got right, what they missed, and the surprises that shook the hospitality and travel industries. This episode recaps a transformative year for hospitality, from Airbnb's evolving platform to Uber's integration into travel, and the rollercoaster ride of mergers and acquisitions in short-term rentals. Whether it's the urban STR shakeout Brandy foresaw, or Jamie's call on Airbnb's vendor marketplace launch, we're breaking it all down—plus sharing what we've learned and what we'll take into 2025. Don't miss this wrap-up of a year that redefined hospitality! — Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday, wherever you get your podcasts! This show is structured to cover industry news in travel and hospitality and is recorded live every Monday morning at 7 a.m. PST/10 a.m. EST. So make sure you tune in during our live show on our social media channels or YouTube and join the conversation live! Thank you to all of the Hospitality.FM Partners that help make this show possible, and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
How to Use the Power of Social Media to Market Your Short-Term Rentals with Madison Rifkin

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Dec 12, 2024 40:06


In this episode of the STR Data Lab, Jamie Lane, chief economist at RDNA, interviews Madison Rifkin, CEO and founder of Mount. The discussion begins with an overview of Mount, a three-sided marketplace connecting hosts and property managers with their guests and local businesses. Madi emphasizes the importance of offering unique local experiences, rather than just focusing on the property itself.  Jamie and Madi delve into her accidental entry into the short-term rental space and her pivot from scooter rentals to Mount's current model. Madi explains how Mount curates top 'hidden gems' for guests, incorporating local businesses into the guest experience seamlessly. They discuss the challenges and benefits of curating these gems in multiple cities and the rigorous vetting process involved.  Next, Jamie and Madi discuss the power of social media and how short-term rental hosts can work with influencers and content creators to increase their bookings and reach new audiences. The episode explores Mount's innovative marketing strategies, including a viral TikTok campaign and a Taylor Swift ticket giveaway, highlighting the power of social media in building brand engagement. Madi offers insights into the essential tools and strategies for hosts to get started with social media content creation, emphasizing the importance of a content archive.  The episode concludes with a look at Mount's future plans, including international creator retreats and a stronger focus on traveler engagement.  You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Economic Outlook for Short-Term Rentals - A 2025 Forecast

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Dec 5, 2024 34:38


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Bram Gallagher, the Director of Economics and Forecasting, to discuss the current state and future outlook of the short-term rental market.  They start by reflecting on their successful prediction from last year that 2024 would see a balance between supply and demand. Discussing the economy's resurgence, Bram details how 2023 was marked by slow GDP growth, high inflation, and recession worries, but 2024 has seen significant improvements in GDP, income growth, and falling inflation. The duo gives credit to the Federal Reserve for its quick rate hikes, which played a crucial role in stabilizing the economy. They discuss the robust state of the economy, with employment growth, stock market highs, and a strong housing market, while also acknowledging potential risks.  They then shift focus to how the current economic environment affects short-term rental investors, predicting higher interest rates for longer and stable, possibly increasing, home values. Supply growth for short-term rentals is expected to moderate, with significant declines in new listings since rate hikes began. For 2025, they foresee a 4.7% supply growth, further reducing in 2026. Performance metrics remain strong, with occupancy expected to recover and ADR increases contributing to revPAR growth. The hosts note market-specific variations, with areas like Maui, Gulf markets, and urban centers like New York seeing dynamic changes.  They also discuss geopolitical instability, inflation risks, and the enduring issue of housing affordability as potential threats to the positive outlook. Concluding on a cautious yet optimistic note, they express confidence in the U.S. short-term rental market's firm footing. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Slick Talk: The Hospitality Podcast
Economic Trends, Market Insights, & Tech Innovations in Hospitality with Jamie Lane

Slick Talk: The Hospitality Podcast

Play Episode Listen Later Nov 27, 2024 78:47


In this in-depth episode of Slick Talk, Wil Slickers sits down with Jamie Lane, chief economist at AirDNA, to discuss numerous facets of the short-term rental and hospitality industry. From the unexpected impacts of COVID-19 and its role in reshaping market dynamics to the economic factors driving the current landscape, Jamie provides eye-opening insights and data-backed predictions for the future of the STR market. The conversation delves into the significant churn rates in STR, tech integration, and the evolving landscape of property management technologies. Jamie also shares personal experiences from his new video series, Jamie's Lane Change, which documents his journey into the world of short-term rentals. Whether you're an investor, operator, or industry enthusiast, this episode offers valuable takeaways on staying ahead in the competitive hospitality sector. This episode is brought to you by our sponsors at: The Best Stays & The Best Days are brought to you by Well & Good Morning Coffee. Ensure your guests aren't left unsatisfied with generic or gross coffee, and get Well & Good Morning Coffee in your properties for better guest satisfaction! Hostfully – Use code SLICKTALK for three months free of their digital guidebook or $100 off their property management platform! Hudson Creative Studio - Get your direct booking site and brand built by them, and never look back! ——– Thank you for tuning into our podcast! Slick Talk is a Hospitality.FM production, and you can find more of our shows at Hospitality.FM or anywhere else you listen to your podcasts! Listen to more episodes on our website and take a look at our amazing podcast and network sponsors that make this all possible! You can also listen to our Monday morning podcast, Good Morning Hospitality, where we discuss the industry in a more casual setting! If you ever want to contact us for guest suggestions or anything else related to the podcast, please fill out our contact form, and we will be in touch! Last but not least, we love to connect on LinkedIn! Let's connect there so you can see the daily content we post beyond the podcast! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
October STR Market Performance and Election Impact Analysis

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Nov 21, 2024 24:59


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, VP of Marketing Scott Sage discuss the October performance of the short-term rental market. The conversation starts with a brief discussion on the 2023 U.S. election results and its potential implications for the industry.  They report strong occupancy growth for October with demand remaining stable, and highlight the overall positive trends in RevPar, available listings, and total demand nights. Despite some variations in occupancy increases due to supply changes, they note that demand has surged, particularly influenced by slower supply growth due to high mortgage rates. Regulations also impact supply trends, especially in urban and coastal markets.  The hosts analyze unemployment rates, the Federal Reserve's interest rate cuts, and their impact on the real estate market. They also emphasize the significance of the Christmas and New Year holidays on booking rates, noting a two-week period of high demand thanks to the date placement this year. Additionally, they touch upon rate setting strategies for hosts and mention cautious observations on RevPar decline in small city and rural markets despite overall national growth.  The episode wraps up with a high-level overview of the 2025 outlook report, discussing expected trends influenced by decelerating supply growth and constant demand. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
The Essential Guide to Insurance for Short-Term Rentals with Nick Massey

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Nov 14, 2024 53:53


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Nick Massey, Director of Sales at Proper Insurance, delve deep into the topic of insurance for short-term rental properties. They emphasize the importance of proper insurance coverage, often overlooked by investors and operators in the short-term rental market.  Jamie and Nick discuss the need for insurance even before purchasing a property, highlighting geographic considerations where securing insurance might be difficult. They explore the underlying risks associated with insurance underwriting, especially in high-risk areas like mountainous markets. The conversation covers common liability issues in short-term rentals, such as slip and falls, dog bites, and baby equipment hazards. Nick offers advice on mitigating these risks, recommending practices like proper handrail installations and avoiding unnecessary amenities. They also address the relevance of noise monitoring devices in preventing large parties and their associated risks.  Nick stresses the significance of comprehensive insurance coverage over minimal homeowner's insurance, focusing on loss of revenue insurance to protect against loss of bookings. They discuss how climate events like floods and hurricanes have impacted recent insurance claims. The episode concludes with insights on choosing the right insurance provider, considering factors like coverage, customer service, and the financial stability of the carrier. Nick also explains how Proper Insurance provides a holistic approach, acting as a risk manager rather than just an insurance provider. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Airbnb's Co-Host Move, Expedia Earnings, Vacasa's Outlook

Good Morning Hospitality

Play Episode Listen Later Nov 11, 2024 35:59


In this episode of Good Morning Hospitality, Wil Slickers, Jamie Lane, Brandreth Canaley, and Michael Goldin dive into the latest earnings calls and strategic shifts of top hospitality brands. Airbnb's new Co-Host Initiative, designed as an alternative to "traditional" property management, takes center stage as the hosts discuss its implications for property owners and the broader short-term rental market. They also explore Expedia Group's Q3 performance, including adding over 1 million new urban listings to Vrbo, shedding light on how it plans to rival Airbnb. Finally, the group reviews Vacasa's recent earnings call and strategic focus. Tune in to see how these hospitality giants navigate growth and competition in today's dynamic market. — Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday, wherever you get your podcasts! This show is structured to cover industry news in travel and hospitality and is recorded live every Monday morning at 7 a.m. PST/10 a.m. EST. So make sure you tune in during our live show on our social media channels or YouTube and join the conversation live! Thank you to all of the Hospitality.FM Partners that help make this show possible, and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Revolutionizing Property Management Using AI with Besty AI Founder, Sam Dundas

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Nov 7, 2024 49:39


In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, welcomes Sam Dundas from Besty AI. Sam explains how his background as a property manager led him to create Besty AI, which provides automation for PMS systems. They discuss the company's rapid growth, reaching 17,000 paying properties within a year and nearing a million in revenue. Their success is attributed to AI applications that streamline guest communications, task management, and review analysis.  He notes that Besty AI focuses on integrating practical AI applications directly into PMS, rather than offering separate tools, making adoption easy for users. He talks about starting from simple automation, like addressing common guest questions, and gradually enhancing functionality. Sam also highlights the importance of reliability over coverage in AI responses. They delve into the evolution of automated messages and the balance between efficiency and personalization. Future developments include deeper integrations and expanding revenue-generating features. Despite tech advancements, Dundas believes personal touch remains crucial.  The discussion also touches on the varying scalability among PMS platforms and the potential industry impact of major players like Airbnb. Looking ahead, Sam envisions  significant improvements in AI's role in property management, driven by both technological advancements and customer needs. Integration with more PMSs and entering the hotel space are seen as future growth areas. The podcast concludes with an outlook on the evolving landscape of property management and AI's role in it. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Enhancing Airbnb Success with Data Insights and Hosting Tips

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Oct 31, 2024 36:14


In this episode of The STR Data Lab, Jamie and Scott discuss practical hosting tips for Airbnb hosts, leveraging Jamie's recent experience with his investment property and Scott's extensive property management background. Jamie highlights his journey from an Airbnb host since 2011 to managing a large investment property remotely, sharing early learnings and anecdotes, such as the importance of over-communicating with guests. Scott provides insights from his property management experience, stressing the need for understanding comp sets and utilizing dynamic pricing to maximize revenue. They explore key metrics, like occupancy, average daily rate (ADR), and booking window, emphasizing their importance in evaluating listing performance.  The hosts introduce AirDNA's performance dashboard, a tool for real-time tracking of these metrics, and discuss its benefits for new and seasoned hosts alike. They also dive into pricing strategies, including the initial steps Jamie took to ensure competitive pricing despite having no reviews.  The episode is packed with actionable advice, such as adjusting cleaning fees and cancellation policies, and the significance of effectively managing reviews. Both hosts underscore the importance of using data to inform decisions, ultimately aiming to improve earnings and investment returns. The two wrap up with Halloween plans and candy preferences, leaving listeners with a blend of valuable hosting insights and a touch of festive fun. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Hawaii's Rental Limits, Venice's Fees, & U.S. Rental Trends

Good Morning Hospitality

Play Episode Listen Later Oct 28, 2024 38:17


In this episode, Brandreth Canaley, Jamie Lane, and Wil Slickers explore fundamental shifts in global tourism. We discuss Hawaii's push to limit short-term rentals while promoting climate resilience and sports tourism. Then, we examine Venice's expansion of tourist entry fees after a successful trial, tackling the challenge of overtourism. We also examine AirDNA's latest insights, revealing how U.S. short-term rentals adapt to fluctuating demand and new market trends. Tune in for a deep dive into the evolving travel landscape and the future of tourism policies! Mentioned in this episode: Hawaii Article by Skift: ⁠https://skift.com/2024/10/25/hawaii-governor-fewer-short-term-rentals-more-climate-resilience-and-sports-tourism/ Venice Article by Skift: https://skift.com/2024/10/25/venice-to-charge-entry-fees-more-often-the-experiment-worked/ Good Morning Retreat: Winter Edition Sign up! — Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday, wherever you get your podcasts! This show is structured to cover industry news in travel and hospitality and is recorded live every Monday morning at 7 a.m. PST/10 a.m. EST. So make sure you tune in during our live show on our social media channels or YouTube and join the conversation live! Thank you to all of the Hospitality.FM Partners that help make this show possible, and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Live From VRMA: Hurricanes Impact, Urban Challenges, and Q4 Outlook

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Oct 17, 2024 17:21


In this episode of The STR Data Lab, Jamie and Scott broadcast live from the VRMA conference in Phoenix, Arizona, where they break down the key issues shaping the short-term rental industry today. They emphasize why events like VRMA are more important than ever, offering a crucial space for the industry to come together and tackle pressing challenges head-on. The conversation kicks off with the aftermath of hurricanes Helena and Milton, which caused a wave of cancellations across Florida and North Carolina. Asheville alone saw over 85,000 nights canceled, while Atlanta experienced a 50% spike in bookings as people sought temporary accommodations. These disruptions are expected to lead to a dip in home prices and rising insurance premiums across Florida, adding new challenges for property owners. Jamie and Scott then shift focus to the U.S. market's September performance, which fell short of expectations with a modest 2.9% increase in nights booked. The growth in supply is slowing, particularly in urban areas, where a 3.1% decline reflects ongoing struggles with regulatory issues, weak demand, and heightened competition from hotels—leading to closures like Frontdesk. On the bright side, ADRs were up 2.7% in September, and October is off to a strong start, with demand fueled by events like Halloween and solid holiday bookings on the horizon. Jamie wraps up the episode by celebrating his first short-term rental booking and sharing a sneak peek of his new YouTube series, which you can catch on the AirDNA YouTube channel. Don't miss this episode—it's packed with valuable insights! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Changing the STR Furnishings Game: A Chat with Minoan CEO Marc Hostovsky

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Oct 10, 2024 50:00


In this episode of The STR Data Lab, Jamie Lane sits down with Marc Hostovsky, CEO and founder of Minoan, to talk about how their platform is simplifying the short-term rental game for hosts. Jamie shares his personal experience using Minoan to furnish his own listing, emphasizing how straightforward the process was and the competitive pricing he found. Marc explains that Minoan is a purchasing and supplier management platform designed specifically for hosts, providing access to well-known brands at discounted prices. One of the key features is the centralized ordering system, which streamlines the purchasing process for hosts, making it easier to manage. Another feature is the digital showroom, which allows hosts to showcase products in their rental properties and even earn commissions when guests purchase those items. Throughout the conversation, they explore the role of design in short-term rentals, highlighting how thoughtful design can elevate the guest experience and lead to better property performance. Marc points out that as the STR market becomes more competitive, hosts need to combine both real estate knowledge and hospitality skills to succeed. He introduces the idea of a universal cart, which integrates purchases from various partner brands into a single, seamless shopping experience. Marc draws a parallel between the current STR landscape and the early days of Amazon, where strategic design and a focus on the guest experience are becoming more important than ever. He also shares practical tips on how hosts can leverage Minoan to enhance their properties while improving their profitability. The discussion touches on some of the challenges the industry faces, such as the fragmented nature of STR hosts and the difficulties of getting more hosts to adopt new platforms. Marc explains that Minoan is addressing these issues by focusing on referrals, professionalization of the STR industry, and integrating more closely with local economies. As they wrap up the episode, Marc hints at Minoan's goals in improving hosts' economics through smarter investments and potential future collaborations with platforms like AirDNA to integrate data insights for hosts.  You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Celebrating 100 Episodes of STR Data Lab: A Look Back at AirDNA's Journey with Co-Founders Scott Shatford and Tom Caton

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Sep 26, 2024 68:49


As we hit this 100th episode milestone, we want to take a moment to thank all of our listeners for your support. Whether you've been with us from the beginning or joined us along the way, we appreciate you being part of this journey!  In this 100th episode of the STR Data Lab, Jamie celebrates the milestone by sitting down with AirDNA co-founders Scott Shatford and Tom Caton to reflect on the company's journey and what lies ahead. They recount the early days, starting with Scott's 2014 project—a book and website analyzing short-term rentals in Santa Monica. Despite regulatory hurdles, this effort quickly evolved into a key resource for understanding Airbnb listings, laying the groundwork for AirDNA. Tom joined Scott in 2015, forming a business partnership during a sailing trip. From there, they pushed forward to build AirDNA into a powerful data platform, with the development of MarketMinder being a critical turning point. They also discuss the transition from delivering insights via simple PDF reports to creating a comprehensive SaaS platform that continues to shape the short-term rental industry. Throughout the episode, they highlight their decision to bootstrap the company, staying independent of external funding. The episode explores the technical and business challenges they faced, including the complexities of data scraping, adapting to changes in Airbnb's algorithm, and the massive impact of the COVID-19 pandemic. Beyond the business, Scott and Tom share how they managed stress, balanced luck with hard work, and navigated key decisions that led to AirDNA's success and eventual sale. Post-sale, Tom has turned his attention to new projects, including developing a murder mystery board game and investigating business fraud. Scott, meanwhile, enjoys traveling and personal hobbies like golf and ping pong, though both hint at possible new ventures in the future. This episode offers a detailed look at how AirDNA grew from a niche idea into an industry-leading platform. You don't want to miss it!  ~~~~ Signup for AirDNA for FREE

Good Morning Hospitality
Booking Rivalries, Expedia Innovations & Airbnb's Bold Moves

Good Morning Hospitality

Play Episode Listen Later Sep 23, 2024 35:56


Tune in this week as Wil Slickers, Michael Goldin, Brandreth Canaley, and Jamie Lane tackle the latest developments in the hospitality industry. They'll dive into the escalating competition between Booking.com and Airbnb, explore Expedia Group's new AI tools and loyalty strategies under fresh leadership, and analyze Airbnb's strategy to transcend its roots in short-term rentals. Plus, they'll explore the potential impacts of the recent Federal Reserve interest rate cut on the travel industry. Tune in for their expert insights on these pivotal developments! — Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday, wherever you get your podcasts! This show is structured to cover industry news in travel and hospitality and is recorded live every Monday morning at 7 a.m. PST/10 a.m. EST. So make sure you tune in during our live show on our social media channels or YouTube and join the conversation live! Thank you to all of the Hospitality.FM Partners that help make this show possible, and if you have any press you want covered during the show, fill out this form! Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Crafting Memorable Guest Experiences with Tyann Marcink

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Sep 12, 2024 46:53


In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Tyann, the 'Queen of Guest Experience,' to explore the art of guest communication in the short-term rental space. Tyann shares her personal story, reflecting on how clear, consistent communication has been key to her success. From early challenges with math in college to her rise as an industry leader, she brings authenticity and insight to the conversation. Tyann's journey started in 2007 as a "hobby host," and today, she manages multiple property brands in Missouri, including historical rehabs and purpose-built homes. She also highlights her role at Touch Stay, a digital guidebook platform, explaining how its features elevate guest communication and enhance the overall experience. A recent Touch Stay study involving over 2,000 travelers revealed that guests who receive six or more messages tend to spend 60% more and report higher satisfaction. During the episode, Tyann stresses the importance of tailoring communications for different preferences, utilizing channels like email, text, and even video. She also touches on the finer details of setting up a vacation rental, emphasizing that addressing even small guest concerns can significantly improve their stay. The discussion moves into how evolving technology is meeting rising guest expectations, and how property managers can leverage digital tools to streamline operations. Tyann wraps up with an unforgettable story of a guest accidentally leaving an urn behind—reminding us of the unpredictable, yet rewarding nature of the business. She encourages listeners to connect with her on social media and explore Touch Stay to boost their property's guest experience. You don't want to miss this episode! ~~~~ https://tyannmarcink.com/blog/ https://x.com/tyannmarcink https://www.linkedin.com/in/tyannmarcink/ www.touchstay.com ~~~~ Signup for AirDNA for FREE

STR Data Labâ„¢ by AirDNA
Data-Driven STR Investing: Expert Tips from Taylor Jones and John Bianchi

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Aug 29, 2024 61:47


In this episode of the STR Data Lab, Jamie is joined by Taylor Jones and John Bianchi, both experts from STR Search, a short-term rental consulting firm that helps people understand Airbnb data to invest with confidence. Together, they explore the intricacies of the short-term rental investment market, emphasizing the importance of data-driven decisions. Jamie begins by sharing his personal experience of purchasing a short-term rental with Taylor and John's help. Taylor provides insights into the advantages of understanding Airbnb data and underscores the importance of ensuring that no unprofitable properties are purchased. John, known as “The Airbnb Data Guy,” elaborates on the core principles of profitability, emphasizing that his courses and services are focused on helping people avoid unprofitable investments. The discussion covers the challenges of navigating the dynamic STR market, including rising interest rates and the increasing difficulty of finding profitable properties. The trio also explores strategies like value stacking, understanding demographics, and incorporating unique amenities to stay competitive. They touch on practical aspects of property underwriting, managing expenses, and maintaining efficient operations to ensure long-term success. The episode concludes with predictions for the STR market's future, particularly in light of potential economic downturns. Taylor and John stress the importance of strategic thinking and identifying resilient investment areas. You don't want to miss this episode! ~~~~ https://www.strsearch.com/ https://www.youtube.com/c/JohnBianchipointanalytics ~~~~ Signup for AirDNA for FREE

No Vacancy The Podcast with Natalie Palmer | Airbnb
122. AirDNA Spills Top Markets, Occupancy Trends, & What's Next for STRs - Interview with Jamie Lane

No Vacancy The Podcast with Natalie Palmer | Airbnb

Play Episode Listen Later Aug 28, 2024 57:11


This week I interviewed Jamie Lane, chief economist at AirDNA. This guy is an encyclopedia of data and numbers about the STR industry, and the figures he shares will have you excited about what's to come for the industry, AND warn you about what markets and trends to AVOID in 2025 and beyond. This episode is a must listen for anyone planning to scale up and make their next real estate investment in the next 6-12 months! Connect: Show Notes | Start Your Airbnb  Instagram Podcast Producer: Kelsey Tran | kelsey@hospitality.fm Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Sustainability and Style: The Bob W Philosophy with Niko Karstikko

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Aug 15, 2024 46:19


In this episode of STR Data Lab, host Jamie Lane sits down with Niko Karstikko, CEO and co-founder of Bob W, a unique hybrid hospitality brand. Niko shares the vision behind Bob W, a concept that blends the best features of hotels and short-term rentals, ensuring branded consistency, high-quality experiences, and a strong connection to local culture. Throughout the conversation, Niko elaborates on the technology-driven approach that reduces human error and enhances responsiveness to guests. He discusses the company's expansion across Europe, their innovative business model combining leases and management agreements, and the strategies that keep them profitable. Niko reflects on his journey into entrepreneurship, recounting the early challenges of gaining trust and forging partnerships with commercial real estate stakeholders. The discussion also touches on sustainability, highlighting Bob W's commitment to reducing emissions and transparently sharing their impact. The episode concludes with a look at the economic landscape of the hospitality industry and Bob W's strategic positioning to navigate potential economic downturns. With a unique blend of technology, sustainability, and exceptional customer service, Bob W is set to become a frontrunner in the hospitality sector. You don't want to miss this episode! ~~~~ https://bobw.co/ ~~~~ Signup for AirDNA for FREE

On The Market
Short-Term Rental Demand Returns, So Why Are Hosts Making Less? w/AirDNA Chief Economist Jamie Lane

On The Market

Play Episode Listen Later Aug 12, 2024 44:49


A couple of years ago, everyone was expecting an “Airbnbust,” where short-term rental investments would sit vacant, hosts would be forced to sell, and hotels would take the reigns as the leaders in hospitality. But that didn't (exactly) happen. Instead, we got a slightly slower short-term rental market with fewer bookings, some more supply, and a slight dip in revenue for hosts. The short-term rental market is now reaching “equilibrium,” and demand is returning. So, what do hosts need to know now? Jamie Lane from AirDNA, the leading global short-term rental data and analytics company that tracks every listing on the market, is here to give us a mid-year update. Jamie talks about how the short-term rental market is returning to normal, why demand is starting to shoot back up all while prices are dropping, and the “cracks in the system” that could point to future short-term rental weakness. He points out the short-term rental markets with the most growth potential, the oversupplied ones seeing drops in demand, and why the European Airbnb scene, even with its regulations, is exploding. Plus, he'll share the amenities and policy changes you can make NOW to get more bookings and what to look for BEFORE you buy in a new market. In This Episode We Cover A 2024 short-term rental market update (supply, demand, pricing, and threats) The short-term rentals seeing the least demand, and why this may be worrying for hosts “Fringe” markets that are performing even better than the traditionally popular markets Why hosts are seeing a drop in revenue and the markets with weak demand  International travelers returning and the minor tweaks you can make to get more bookings Jamie's forecast for the rest of the year and why he predicts demand will rise this fall And So Much More! Links from the Show Get the Short-Term Rental Furnishing List Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area See James and Kathy at BPCON2024 in Cancun! #Airbnbust One Year Later: Did the Short-Term Rental Industry Ever Collapse? James' BiggerPockets Profile Kathy's BiggerPockets Profile Grab the Book, “Short-Term Rental, Long-Term Wealth” Jump to topic: (00:00) Intro (01:43) 2024 Short-Term Rental Update  (04:56) "Cracks" Start to Form  (07:24) Markets with Growing Demand  (11:07) Markets to Be Cautious Of  (15:52) International Travelers Return  (21:20) Must-Have Amenities/Policies  (24:10) 2024 Predictions  (25:59) How to Set Your Prices (28:25) Why Nightly Rates Are Falling  (29:55) Growing STR Markets  (32:19) Everyone's Going to Europe! (36:40) Best Opportunities for Investors Check out more resources from this show on BiggerPockets.com and  https://www.biggerpockets.com/blog/on-the-market-242  Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

STR Data Labâ„¢ by AirDNA
Navigating Urban Profitability & Technology in Short-Term Rentals with Ben Gross

STR Data Labâ„¢ by AirDNA

Play Episode Listen Later Aug 8, 2024 40:37


In this episode of the STR Data Lab, Jamie Lane welcomes Ben Gross, CEO of Minty Living, as their first two-time guest. Ben provides an overview of Minty Living, highlighting its growth and technological advancements over the past four years.  The conversation explores the challenges and importance of technology in scaling operations in the short-term rental market. Ben discusses the operational complexities and his approach to integrating technology for better efficiency and profitability. They delve into how Minty Living manages to maintain high guest experience scores and operational efficiency at scale. Ben shares insights on handling market changes, regulatory impacts, and macroeconomic forces affecting the industry.  The discussion also touches on the challenges of tech-enabled service providers and the build vs. buy dilemma. The conversation shifts to the broader urban short-term rental market, addressing declining RevPAR, supply dynamics, and investor sentiment. Ben elaborates on how he uses data to drive business efficiencies and optimize vendor performance. He also talks about the potential for collaboration with local governments and other vacation rental managers. Ben concludes by reflecting on Minty Living's journey towards profitability and future plans to leverage their findings to help other vacation rental operators.  You don't want to miss this episode! ~~~~ https://mintyliving.com/ https://www.instagram.com/mintyliving ~~~~ Signup for AirDNA for FREE

Real Estate Experiment
The Future of Short-Term Rentals: 7 Key Lessons from the STR Summit Conference 2024 - Episode #288

Real Estate Experiment

Play Episode Listen Later Jul 9, 2024 55:08


Get the Midterm Rental Insurance Blueprint: ⁠⁠https://experimentrealestate.com/#blueprint⁠ In this dynamic episode of "The Real Estate Experiment," your host Ruben Kanya dives deep into the transformative insights and strategies gathered from the recent STR Summit Conference in Denver. Shout out to the Robinsons for an incredible event! Ruben kicks things off by emphasizing the importance of continuous learning and adapting to new market trends, especially in the evolving landscape of short-term rentals (STRs). Listeners will gain valuable insights into the (1) latest data and trends in the STR market, presented by Jamie Lane of AirDNA.co. Ruben underscores the importance of relying on hard data over speculation to make informed investment decisions. (2) He then transitions to discussing boutique hotels with Rich Somers (previous guest episode #225) and recaps an enlightening conversation & presentation (3) with Michael Elefante (previous guest episode #161), who shared how he stayed discipline with his buy box to tap into 2 million dollars worth of non-taxable profit on just one door. (4) Ruben delves into the innovative strategies of Pace Morby, highlighting his expertise in creative financing and operating without traditional bank loans EVER. By attending these conferences, (5) Ruben illustrates how challenging existing paradigms and learning from industry experts can expedite your own real estate experiments and lead to greater success. Listeners will also discover the significance of understanding economic trends in STRs to optimize investment strategies. (6) Ruben explains the advantages of larger properties and unique experiences to reduce competition and increase profitability. (7) He also emphasizes the power of creative financing and leveraging equity to grow your portfolio without traditional loans. Tune in now to gain invaluable insights and inspiration for your own journey towards success in the real estate industry. #ShortTermRentals #RealEstateInvesting #CreativeFinancing #InvestmentStrategies