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Updated 3 months ago on . Most recent reply

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Short-Term & Vacation Rental Discussions

A June post-mortem

Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Posted

Was business down?  Yes. Yes it was.  But we ended up in June with occupancy only 2.6% below June 2024.  Yet our average daily rate of $189 was off significantly from the $218 average daily rate in June 2024.  About 15%.

July is shaping up similar.  Total reserved nights are off just a little, but the average daily rate is off about 18 percent.

August is interesting.  Similar reserved nights AND average daily rate from August 2024.  

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Collin Hays
#3 Short-Term & Vacation Rental Discussions Contributor
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  • Gatlinburg, TN
Replied
Quote from @Andrew Steffens:

Think you may be hitting the "bottom"?


 There are a few indicators of that.  Not ready to call a bottom yet.

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