Vacation Rental Data
March & April 2022
With the first return of big spring events like the BNP Paribas Open and Coachella Valley Music & Arts Festival since 2019, professionally managed vacation rentals saw increases in occupancy and ADR over previous years. Paid occupancy during the months of March & April of 2019 was 66% while 2022 was 71%. ADR was also up at an average of $610 a night compared to 2019's $343 a night average.
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PROFESSIONALLY MANAGED HOMES
For the months of March and April 2022, paid guest occupancy in vacation rental homes was 71% compared to 64% in 2021 and 50% in 2020 at the start of the pandemic.
AVERAGE DAILY RATE (ADR)
ADR for March & April of 2022 was $610, up from $469 in 2021 and $275 in 2020, at the start of the pandemic.
OTA OCCUPANCY
OTA calendar occupancy was 78% for March & April 2022, which is up from 72% the previous year. Note, the graph below also includes professionally managed “calendar occupancy” which includes dates occupied by owners, maintenance holds and other non-paid calendar blocks. OTA calendars do not indicate whether reservations are paid guest stays or non-paid calendar blocks.
January & February 2022
Vacation rental occupancy and ADR from professionally managed homes is outpacing the previous two years in the first two months of 2022, while length of stay appears to be down slightly at 11.8 nights on average for the first two months of 2022, compared to 13 nights in 2021, and 14.7 nights in 2020.
PROFESSIONALLY MANAGED HOMES
For the months of January and February 2022, paid guest occupancy in vacation rental homes was 68.5%, up from 52.3% for the same time period in 2020, prior to the pandemic.
Average Daily Rate (ADR)
ADR for January & February of 2022 was $426, up from $377 in 2021 and $255 in 2020, prior to the pandemic.
OTA Occupancy
OTA calendar occupancy was 75.9% for January & February 2022, which is up from 66.3% the previous year. Note, the graph below also includes professionally managed “calendar occupancy” which includes dates occupied by owners, maintenance holds and other non-paid calendar blocks. OTA calendars do not indicate whether reservations are paid guest stays or non-paid calendar blocks.
Summer 2021
The summer of 2020 saw an increase in vacation rental occupancy compared to previous summers. A number of factors related to the pandemic appear to have contributed including many of our local hotels being closed or open only at significantly reduced capacity. Occupancy numbers for the summer of 2021 has fallen slightly from those highs, while ADR has continued to climb.
PROFESSIONALLY MANAGED HOMES
For the months of June, July and August, paid guest occupancy in vacation rental homes was 37.9%, down from 42% for the same time period in 2020.
AVERAGE DAILY RATE (ADR)
ADR for summer of 2021 was $399, up from last summer’s average of $328.
OTA OCCUPANCY
OTA calendar occupancy was 61.5% for June – August of 2021, which is also down from an average of 69.2% for June-August of 2020. Note, the graph below also includes professionally managed “calendar occupancy” which includes dates occupied by owners, maintenance holds and other non-paid calendar blocks. OTA calendars do not indicate whether reservations are paid guest stays or non-paid calendar blocks.
