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Airbnb had forecast that average rates customers pay per night would fall slightly in the second quarter compared with last year. Instead, the average nightly rate rose 1% to $166.
A June 2022 NerdWallet analysis of 1,000 U.S. Airbnb reservations with check-in dates in 2022 or 2023 found that the median cleaning fee per listing for a one-night stay was $75. But cleaning fees ...
According to market reports, dynamic pricing and AI-driven guest engagement tools are driving a 15% increase in revenue for short-term rentals that adopt these technologies. Meanwhile, the vacation rental market faces increasing competition as Airbnb’s average occupancy rates decline by 6% year-over-year in some regions.
Many short-term rental listings are still available despite hotels in downtown Phoenix being nearly booked-up.
Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry. The number represents the average rental income per paid occupied room in a given time period.
The average resort fee in the United States is $42.41, about 11% of the overall cost to stay at the hotel each night. [25] This is a nightly charge on top of the advertised room rate. New York City has seen a surge in hotel resort fees. [26] In New York City, the fees are often called destination fees, facility fees or amenity fees.
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related to: average airbnb nightly rate increase time