Nashville Short-term Rentals Posted Highest Overall Performance in 19 Months

Nashville Short-term Rentals Posted Highest Overall Performance in 19 Months



Nashville’s short-term rental industry posted 19-month highs in average daily rate (ADR) and revenue per available room (RevPAR), according to June 2021 data from STR.

Marriott Triple Branded Hotel in Downtown Nashville - Exterior

Nashville Short-term Rentals Posted Highest Overall Performance in 19 Months



STR;

Nashville’s short-term rental industry posted 19-month highs in average daily rate (ADR) and revenue per available room (RevPAR), according to June 2021 data from STR.

June 2021 (percentage change from May):

  • Occupancy: 71.9% (+12.7%)
  • ADR: US$209.64 (+0.7%)
  • RevPAR: US$150.76 (+13.5%)

In addition to the market’s highest ADR and RevPAR levels since November 2019, Nashville’s short-term rental occupancy was its second best in that span. Hotel occupancy in the market was only slightly lower in comparison, at 70.1%, which was a 14.3% jump month over month.

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Logos, product and company names mentioned are the property of their respective owners.

© 2021 Hotel News Resource



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