Episodes
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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!
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Signup for AirDNA for FREE👇
https://app.airdna.co/data
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
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Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
Episode 113 -
In this episode of the STR Data Lab Jamie Lane, Chief Economist at AirDNA, and Scott Sage recap November's key metrics in the short-term rental market and projections for the future. They discuss metrics such as Average Daily Rate (ADR), occupancy, RevPAR, listings, and demand growth, all of which exhibited positive year-over-year signals. Special attention is given to ADR, which saw a 7% growth in November, partly due to easy comparisons with last year's 3.9% decline.
The hosts highlight the deceleration in supply growth from 15% last year to 4% this year and its positive impact on occupancy and pricing power. Additionally, they explore the influence of economic drivers like inflation, Fed decisions, and the potential implications of a Trump presidency on the short-term rental market. They anticipate a slight increase in inflation rates and higher interest rates into 2026, which could affect investment and supply dynamics.
The discussion rounds off with insights into 2025, labeled as the 'Year of Efficiency,' focused on maintaining and growing operations effectively. Stay tuned for the upcoming 'Best Places to Invest Report' in January.
You don’t want to miss this episode!
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Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
Episode 112 -
Missing episodes?
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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!
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Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Connect with Mount
TikTok: https://www.tiktok.com/@rentmount?lang=en
Instagram: https://www.instagram.com/rentmount/
Episode 111 -
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👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 110 -
In this episode of the STR Data Lab, Jamie sits down with Matt Kruger, co-founder of DSM Stays and a short-term rental investor based in Iowa. Matt shares the story of his transition from long-term rentals to short-term rentals, motivated by a desire for higher cash flow and more control over his investments. Initially hesitant to invest out of state, Matt chose to stay local in Iowa, where he has seen significant success. Influenced by content creators on social media, Matt was inspired to explore the potential of short-term rentals.
Starting with long-term rentals and house-hacking, Matt and his wife built a solid base before moving into the short-term market. Using tools like AirDNA for market research, they identified opportunities to cater to larger groups in the Des Moines area, a non-traditional vacation spot. Their first short-term rental, equipped with amenities like game rooms and hot tubs, quickly became one of the top properties in the area. Despite market challenges, Matt's properties have seen consistent revenue growth year over year. He emphasizes the importance of continuous improvement, including updating amenities and listing photos.
Matt also highlights the risks associated with reliance on platforms like Airbnb and the need to build a direct booking channel. Automation tools like Hospitable have been crucial in managing operations and communication. Matt's approach to guest experience, including personalized communication and rapid problem resolution, has resulted in high ratings and positive reviews. He advises new investors to overcome analysis paralysis, take risks, and learn by doing.
Reflecting on his journey, Matt regrets not starting sooner but encourages others to use their free time effectively to build the life they want. He also stresses the value of buying properties that can appreciate through sweat equity.
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https://www.tiktok.com/@rental.cashflow
https://www.instagram.com/rental.cashflow/
~~~~
Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 109 -
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!
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Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 108 -
In this episode of STR Data Lab, Jamie Lane, Chief Economist at AirDNA, explores the critical role of Short-Term Rental Insurance with Nick Massey, Director of Sales at Proper Insurance. Together, they unravel the complexities of securing insurance tailored to short-term rental properties and discuss practical steps for mitigating risks. Whether you’re an Airbnb host or a seasoned property operator, this episode dives into Climate Risk Insurance, Insurance for Airbnb Hosts, and why customized coverage is essential for protecting your investment.
Nick brings his wealth of experience to the table, explaining why generic policies often fall short and how Proper Insurance takes a comprehensive approach to addressing the unique challenges faced by short-term rental operators. From securing coverage in high-risk areas to managing common liability claims, this episode is packed with actionable advice.
Here’s What You Can Expect from This Episode:
Why short-term rental insurance is essential and how it differs from traditional policies
How climate risks are reshaping the insurance landscape
Common liability risks for Airbnb hosts and ways to mitigate them
The importance of loss-of-revenue coverage for STR operators
Insights into choosing the right insurance provider
You don’t want to miss this episode!
~~~~
Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 107 -
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👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 106 -
In this episode of STR Data Lab, Jamie and Scott provide a masterclass on how to run a successful Airbnb. Featuring Scott Sage, Vice President of Marketing & Customer Experience at AirDNA, the discussion centers around actionable insights for maximizing revenue, enhancing guest experiences, and leveraging data to stay ahead of the competition. With their combined experience, Jamie and Scott unpack everything from effective guest communication to the importance of conducting a thorough competitive pricing analysis.Jamie Lane, who has recently invested in a large short-term rental property, reflects on his experiences and key lessons learned. Scott shares his extensive background in property management and how understanding market dynamics can make or break an Airbnb listing. Whether you’re new to hosting or a seasoned pro, this episode is packed with data-driven strategies to improve your short-term rental’s performance.Running a profitable Airbnb requires more than just listing your property; it demands a strategic approach grounded in data and effective management practices. Jamie and Scott stress that one of the first things hosts should focus on is understanding and monitoring key performance metrics. These include occupancy rates, average daily rate (ADR), booking window, and lead time. Jamie describes how using data insights has helped him quickly adapt to the challenges of managing a large investment property.Jamie and Scott agree that effective guest communication is one of the most overlooked aspects of running a successful Airbnb. Jamie recounts an experience where proactive communication turned a potential disaster into a positive outcome. Scott emphasizes that communication should begin well before guests arrive. Setting clear expectations, providing a comprehensive guidebook, and automating key messages can save time and reduce stress.Jamie explains how he approached pricing for his new STR investment. Once he built up a strong review profile, he began gradually increasing his rates. Scott applauds this approach and adds that using dynamic pricing tools is essential for maximizing earnings. These tools automatically adjust rates based on demand, seasonality, and local events, ensuring that properties are always competitively priced.You don’t want to miss this episode!~~~~Signup for AirDNA for FREE👇https://app.airdna.co/data ~~~~Connect with Jamie on LinkedIn and Twitter: LinkedIn: https://www.linkedin.com/in/jamiehlane/ Twitter: https://twitter.com/Jamie_Lane ~~~~Connect with Scott on LinkedIn: LinkedIn: https://www.linkedin.com/in/sagescott~~~~Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:LinkedIn: https://www.linkedin.com/company/airdna/ Twitter: https://twitter.com/airdna TikTok: https://www.tiktok.com/@airdna.co Instagram: https://instagram.com/airdna.co ~~~~Find AirDNA at these upcoming events! https://www.airdna.co/events-airdna
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In this episode of The STR Data Lab, Jamie sits down with Daniel Cruz, founder of Washbnb, to explore the ins and outs of efficient laundry and housekeeping for short-term rentals. Whether you’re managing a single property or a large portfolio, laundry is often one of the most time-consuming and overlooked tasks. Daniel shares practical strategies to streamline these processes, helping hosts save time, money, and keep operations running smoothly.
Daniel emphasizes the importance of using high-quality, commercial-grade laundry equipment, especially for the drying process, which can be a major bottleneck. He recommends maintaining at least three sets of sheets per bed, using a three-part system to ensure smooth operations. For properties using off-site laundry services, four or five sets per bed are ideal to avoid any disruptions. During peak times, Daniel highlights the need for a well-stocked inventory and housekeeper accountability to prevent shortages. And for the ultimate guest experience, he stresses that 100% cotton sheets are a must for their breathability and luxurious feel.
He also explains why separating laundry and cleaning tasks is key to improving efficiency, with off-site laundry management being a great way to optimize operations. Daniel advises washing towels and sheets separately, using zip-top mattress protectors, and providing extra outdoor towels to prevent stains. A useful tip is to offer guests cleaning supplies to help preserve white towels. Clear signage on washing machines can further help reduce errors and minimize damage.
From choosing the right linens to managing inventory and equipment, Daniel covers everything you need to ensure a seamless guest experience while upholding high standards of cleanliness. You’ll learn why quality matters, how to avoid common pitfalls, and how to keep your laundry operations running smoothly and efficiently.
You don’t want to miss this episode!
~~~~
Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 104 -
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👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 103 -
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👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 102 -
In this episode of STR Data Lab, Jamie and Scott dig into the highs and lows of the summer season and give their predictions for what’s coming this fall.
They kick things off by talking about a 4% increase in RevPAR over the summer, even though nearly half of submarkets saw declines. Jamie and Scott remind us that local market trends are key to understanding the bigger picture. August was a standout month, with a 12% boost in demand, thanks in part to the timing of Labor Day. Jamie also highlights the strong growth in hotel demand and how it aligns with the ongoing rise of short-term rentals.
The conversation then moves to the impact of recent Fed rate cuts on the STR industry, especially when it comes to 30-year fixed mortgage rates. They also dig into the different challenges and opportunities for STR operators in urban versus rural markets. Looking ahead, they predict stable to slightly positive growth in occupancy for the rest of 2024. Plus, they touch on concerns around Airbnb’s stock performance and how it may not fully reflect the overall health of the industry.
The episode wraps up with a preview of upcoming events like VRMA and the Vacation Rental World Summit, along with an update from Jamie on his own short-term rental investment journey “Jamie’s Lane Change”, which you can also follow on AirDNA's YouTube channel.
You don’t want to miss this episode!
~~~~
Signup for AirDNA for FREE👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 101 -
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👇
https://app.airdna.co/data
~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 100 -
In this episode of STR Data Lab, Jamie sits down with Matthew Orley, CEO of Red Cottage, to explore the company’s unique approach to short-term rentals. Matthew shares the story behind Red Cottage, which he acquired two years ago, and explains its focus on design-centric homes in the Catskills and Hudson Valley regions. Red Cottage primarily caters to weekend travelers from New York City, Boston, and Philadelphia, with an emphasis on aesthetically appealing properties across various price points.
Matthew highlights how Red Cottage provides unique value to homeowners by attracting a distinct clientele and curating listings that stand out in the competitive short-term rental market. He also touches on their impressive direct booking rate and the recent launch of a membership program offering exclusive perks like discounted rates, waived fees, concierge services, and early access to new properties.
He explains how the steady demand for weekend getaways in their market helps them manage lower seasonality compared to other vacation destinations. Matthew also reflects on the impact of COVID-19, noting the initial surge in demand followed by market normalization. To stay competitive, he emphasizes the importance of adopting new software, leveraging technology, and building strong partnerships.
Matthew also dives into the operational challenges of property management, stressing the need for scalable systems and efficient information management. He wraps up by discussing the future of the property management industry, predicting continued consolidation and professionalization as a response to rising operational costs and the increasing need for advanced tech solutions.
You don’t want to miss this episode!
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https://www.linkedin.com/in/mattheworley
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
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Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 98 -
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!
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https://tyannmarcink.com/blog/
https://x.com/tyannmarcink
https://www.linkedin.com/in/tyannmarcink/
www.touchstay.com
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
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Episode 98 -
In this episode of the STR Data Lab, Jamie and Scott explore the exciting potential of investing in short-term rentals near national parks. They kick things off with a fun conversation about their personal experiences visiting these natural wonders before diving into AirDNA’s latest research.
This analysis uncovers the top 10 markets for short-term rentals near national parks, focusing on key metrics like occupancy rates, average daily rates, and home values. Jamie and Scott break down the methodology behind the rankings, explaining how yield serves as a key metric to level the playing field.
They reveal the top five national park markets, including New River Gorge, Mammoth Cave, and Joshua Tree, providing insights into why these locations top the list. The episode touches on significant trends such as the surge in national park visits post-pandemic and the rise in unique stays, from cabins to yurts.
Finally, they offer actionable advice for potential investors, stressing the importance of understanding peak seasons and leveraging AirDNA's interactive tools to make informed decisions. Jamie wraps up by giving a special shoutout to his colleague, Linda, for her key role in pulling together this comprehensive analysis.
You don’t want to miss this episode!
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https://www.airdna.co/blog/national-park-airbnb-markets
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Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 97 -
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!
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https://www.strsearch.com/
https://www.youtube.com/c/JohnBianchipointanalytics
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~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 96 -
In this episode of the STR Datalab, Jamie and Scott kick off by discussing their summer experiences and share their favorite Olympic moments, while exploring how the Paris Olympics have influenced the short-term rental industry.
The hosts highlight a significant boost in Airbnb listings and demand during the Olympics, driven by an expanded supply in Paris. The episode also unpacks Airbnb’s Q2 2024 earnings report, noting strong growth tempered by concerns over shortening booking lead times and a dip in U.S. guest demand.
Jamie and Scott examine the factors behind these trends, including economic uncertainties, upcoming elections, and shifting guest behaviors. Jamie points out a shift toward mobile bookings, with Airbnb increasingly relying on its app, and discusses the strategic partnership between Sonder and Marriott, which underscores evolving strategies in the STR space.
They also recap July 2024 STR performance, crediting positive demand growth to peak summer travel while warning of potential market uncertainties ahead. Key metrics like occupancy, average daily rates, and RevPAR are analyzed, revealing growth in urban areas but declining rates in coastal and rural regions. The episode also touches on macroeconomic influences, including recent Fed actions, and how these may shape future STR trends.
Jamie wraps up with a forward-looking view, predicting demand growth for August, boosted by an early Labor Day, but expressing caution about rate fluctuations.
You don’t want to miss this episode!
~~~~
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~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
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Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 95 -
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!
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https://bobw.co/
~~~~
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~~~~
Connect with Jamie on LinkedIn and Twitter:
LinkedIn: https://www.linkedin.com/in/jamiehlane/
Twitter: https://twitter.com/Jamie_Lane
~~~~
Connect with Scott on LinkedIn:
LinkedIn: https://www.linkedin.com/in/sagescott
~~~~
Connect with AirDNA on LinkedIn, Twitter, TikTok, and Instagram:
LinkedIn: https://www.linkedin.com/company/airdna/
Twitter: https://twitter.com/airdna
TikTok: https://www.tiktok.com/@airdna.co
Instagram: https://instagram.com/airdna.co
~~~~
Find AirDNA at these upcoming events!
https://www.airdna.co/events-airdna
Episode 94 - Show more
