Vacation Rentals during economic downtrun

[Brandyn Kemp]

I am currently in the search for my first vacation rental. The question I have in my mind is what will happen to the occupancy rate and ADR if there is an economic downturn in the near future? Obviously it will drop off, but how drastic?

Does anyone have this experience in STR/ Vacation Rentals during the 2008-2013 years or sometime similar?

I guess I am trying to determine if rates the past couple years are high because the economy is high or if this is the norm. 

Thanks for any experience you may have!