Hilton reported record hotel openings and development activity in the third quarter.
Short-Term Rental Headwinds: U.S. Supply Growth Is Slowing
21.10.2024 - 23:47 / skift.com / Sean Oneill
The growth of the U.S. vacation rental and short-term rental supply has been decelerating, and the trend will likely continue next year as some properties convert to long-term rentals because of an ongoing housing shortage.
Key Data reported that supply growth in the U.S. remains strong at approximately 10% this year. But that’s a significant slowdown from about 20% growth two years ago. (The analytics firm collects data from 150,000 properties.)
“U.S. vacation rental and short-term rental supply growth may continue to slow in 2025 and 2026, as some units are converted to long-term rentals and migrant-focused corporate housing,” wrote analysts at Truist Securities in a report Monday.
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