A wide-reaching overview of how 2023 fared for the vacation rental industry.

There’s no arguing that the short-term rental market can be a volatile one. If you were a vacation rental proprietor prior to the pandemic, you’re aware of just how unpredictable this industry can be and how vulnerable it is to changes in economic conditions.

Air travel trends will always have a big impact on the owners of short-term rentals, for better or for worse, and taking a look back at how last year fared as well as what the future holds can give you insight into what to expect for your short-term rental in the upcoming months.

Pricing is one of the most important parts of a successful vacation rental, but it’s no simple task, especially in the face of the changing market that we’ve seen over the last few tumultuous years.

The winter season is nearing its end. With only a few months left to go before spring has fully set in, many short-term rental owners, especially those in skiing destinations, are taking stock of what 2022 has brought as well as what 2023 holds.

The short-term rental industry has always been full of ups and downs, but the last few years have been a different breed entirely than what we’ve seen before. Those who began their vacation rental business in 2021 have had an entirely different experience than those who began their business in 2022, and the same goes for those who started in 2019 or 2020. The market changed so abruptly and significantly over the last few years that it has been hard to predict what the future holds.

Recent years have been a rollercoaster ride for the travel and hospitality industry. Anyone following along closely knows that 2020-2022 have been anything but the market at its most predictable, but thankfully, 2023’s indicators signal a return to more familiar territory.

This year, worries of a recession loom, and travel attitudes are shifting in the wake of these strong headwinds. But it isn’t all doom and gloom for the short-term rental market–predictions for supply and demand are optimistic and continue to display promise for the year ahead.