Deep Dive on the Short-Term Rental Market with AirDNA’s Jamie LaneIn this episode of the Top of Mind podcast, Mike Simonsen sits down with Jamie Lane, Chief Economist at AirDNA, for a deep dive into the fascinating dynamics of the short-term rental (STR) market. Jamie shares how real-time STR data can help us forecast economic and housing market conditions, talks about how short-term rentals impact the hotel and travel industries, and gives us insights into how to understand the so-called “Airbnb Bust.” He also discusses which markets no longer work well for STRs, and the challenges and opportunities of STRs as an investor asset class.
About Jamie Lane
Jamie Lane is the Chief Economist and SVP of Research at AirDNA, the go-to source for short-term rental data and insights. With 10+ years of experience as an economist in the hospitality industry, Jamie’s research leadership has helped the whole STR industry understand the drivers of success.
Jamie is a leading voice of authority on the health and outlook for the STR industry: on top of co-hosting AirDNA’s own podcast, the STR Data Lab, he is a regular contributor to international media outlets such as Wall Street Journal, New York Times and Bloomberg, providing exclusive analysis and forecasts of the industry to global audiences. His contributions to the STR space and dedication to promoting data-driven decision-making to the forefront of the industry were recognized in 2023 with the Innovator/Disruptor award at the highly regarded Shortyz Awards.
At the forefront of AirDNA’s research, Jamie continuously provides accurate data insights to guide hosts through each decision point in their journey. Before joining AirDNA, Jamie spent 10 years at CBRE, leading research, forecasting, and data intelligence teams to support client analysis.
Jamie holds a Bachelor of Science in Economics from the University of Georgia and a Master of Science in Business Economics from Georgia State University.
Here’s a glimpse of what you’ll learn:
What the real-time STR data tells us about the economy for 2024
Which AirDNA stats are leading indicators for the future of the housing market
How to understand the so-called “Airbnb Bust”
How STRs impact traditional hotels’ occupancy rates and prices
What hotel data tells us about the future of STRs
How STRs grow the travel industry
Which signals for 2024 are bullish for STRs, and which are bearish
Risks to the STR industry
Which markets no longer work well for STRs
The challenges and opportunities of STR as an investor asset class
Good policy and bad policy for STRs and ADUs
Resources mentioned in this episode:
Connect with Jamie on LinkedIn
AirDNA
Mike Simonsen on LinkedIn
Altos Research
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. The company now serves the largest Wall Street investment firms, banks, and tens of thousands of real estate professionals around the country. Mike's insights on the market have been featured in Forbes, New York Times, Bloomberg, Dallas Morning News, Seattle PI, and many other national media outlets.
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About Altos Research
The Top of Mind Podcast is produced by Altos Research.
Each week, Altos tracks every home for sale in the country - all the pricing, and all the changes in pricing - and synthesizes those analytics to make them available before becoming visible through traditional channels.
Schedule a demo to see Altos in action. You can also get a copy of our free eBook: How To Use Market Data to Build Your Real Estate Business.
# Impact on Traditional HotelsThe effect that short-term rentals have on hotel occupancy rates and pricing strategies in the hospitality industry.
