Report from the Smokies: May and June

Report from the Smokies: May and June

Collin HaysBusiness Member
Property Manager · Gatlinburg, TN · Member since 2020 · 3k+ posts · 4k+ votes

We are pacing about even with last year's May, both in bookings and daily rates.  June is still -15%, but we expect it to end up within a few percentage points of last year.

THIS IS VERY GOOD NEWS FOR NEW INVESTORS.  We have been fighting a conveyor belt of headwinds over the last couple of years in the Smokies.  Hurricane damage to houses and roadways, oversupply, and recently, skyrocketing gas prices.  But it appears we are forming a bottom, which means 2027 could see a significant uptick in visitors to the Smokies.  There are some great deals out there from shrewd investors.

Hang in there!  

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Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
4mo

Let me know if you know any distressed sellers ;)

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    4mo

    Lets Hope!

  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    4mo

    Collin,
    Sending you good vibes and good luck!

  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    4mo

    Let me know if you know any distressed sellers ;)

  • New to Real Estate · Member since 2020 · 220 posts · 107 votes
    4mo

    I’ve dropped my rates down to near January rates to try to fill 15 days open on my calendar for June.  It’s hard to believe.   I’m top 1% on Airbnb with 123 5-star rating and don’t know what’s going on.  I also have July open dates.   My rates are down along with occupancy this year and trending behind last years cash flow.  

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