New research reveals how the geography of Airbnb usage patterns in New York City has evolved over time while revealing unexpected trends in short- and long-term rental prices. The paper, 'Airbnb Usage Across New York City Neighborhoods: Geographic Patterns and Regulatory Implications,' is forthcoming in The Cambridge Handbook of the Law of the Sharing Economy.
Unfortunately, 2016 was a disappointment. Revenue and profits increased, but not at the levels that were budgeted. Occupancy and average daily rate (ADR) growth fell short of expectations, which led to a revenue shortfall. While the lower occupancy levels resulted in less expense growth, it was not enough to offset the limited revenue growth. Therefore, the goals for increases in profits were not met.
Demand360 Network of Global Data Providers Continues to Expand, Empowering More Hoteliers to Develop Strategies that Maximize Revenue
According to STR's pipeline report, the U.S. reported a 5.7% year-over-year increase in rooms in construction during September 2017.