Skip to content

Search

Latest Stories

STR: Short-term rentals see mixed performance in three markets

The apartments outperformed hotels in Miami, Nashville and Philadelphia

STR: Short-term rentals see mixed performance in three markets

DESPITE A MIXED performance in January, short-term rentals outperformed hotels in three markets, Miami, Nashville and Philadelphia, according to STR. The data comes from an expansion of a pilot program STR undertook to study the short-term rental market.

The results for each city compared to December are:


Miami

Occupancy for short-term rentals in the city was 78.7 percent, down 4.6 percent from the previous month. ADR was $170.70, up 9.6 percent, and RevPAR was $134.30, up 4.5 percent.

“Miami short-term rental occupancy came in lower than recent months, but the ADR level was the market’s highest since March 2020. As a result, the market’s RevPAR was its highest since February 2020,” STR said. “For comparison, January occupancy for Miami hotels came in at 54.5 percent.”

Nashville

Occupancy was 52.9 percent, up 4.2 percent from December. ADR was $90.12, down 10.2 percent, and RevPAR $47.71, a 6.4 percent decrease month-over-month.

“While occupancy was up from December, Nashville’s short-term rental ADR and RevPAR were its lowest since the summer. Hotel occupancy in the market was lower in comparison, at 33.8 percent,” STR said.

Philadelphia

Occupancy was 47.5 percent, a 1.3 percent increase from December. ADR was $161.14, a 0.4 percent decrease, and RevPAR was $76.51, up 0.8 percent.

“Philadelphia short-term rental ADR was its lowest since June. The market’s hotel occupancy was 35.1 percent,” STR said.

STR’s report from the pilot program with AirDNA found short-term rentals were outperforming hotels during the pandemic despite the mixed results.

“Building on STR’s world-leading hotel performance database, Miami, Nashville and Philadelphia are the first three U.S. markets where the company has expanded its benchmarking offerings via a pilot study. Included in STR’s short-term rental sample are both multifamily and single-family short-term rentals.”

More for you

Peachtree Group's Residence Inn by Marriott under construction in downtown San Antonio, topping out milestone reached, June 2025

Peachtree tops out San Antonio Residence Inn

Peachtree Hotel to Open in Summer 2026 with 117 Extended-Stay Rooms

PEACHTREE GROUP HELD a “topping out” for its Residence Inn by Marriott in downtown San Antonio, Texas, marking completion of the structural phase of the 10-story, 117-room hotel. The property, co-developed with Austin-based Merritt Development Group, is scheduled to open in summer 2026.

The extended-stay hotel will be owned by Peachtree and managed by its hospitality management division, the company said in a statement.

Keep ReadingShow less
San Francisco museum to open Indo-American hotelier exhibit in 2026 honoring Indian American pioneers
Photo courtesy of Beth LaBerge/KQED

Tenderloin Museum plans Indian hotelier exhibit

What is the Indo-American Hotelier Exhibit in San Francisco?

THE TENDERLOIN MUSEUM in San Francisco is launching the Indo-American Hotelier History Exhibit, the first permanent U.S. exhibition of its kind. The exhibit, opening in 2026 as part of the museum’s expansion, will document Indian immigrants’ role in the U.S. hospitality industry, beginning in San Francisco’s Tenderloin.

It will document the role of Indian immigrants in the U.S. hospitality industry, beginning in San Francisco’s Tenderloin, AAHOA said in a statement.

Keep ReadingShow less
Auro Hotels Launches $2M 'Rama Legacy' Scholarship

Auro launches $2M scholarship for employees’ children

What is the Rama Legacy Scholarship by Auro Hotels?

AURO HOTELS LAUNCHED its $2 million Rama Legacy Scholarship endowment for employees' children, continuing a tradition started by company co-founder H.P. Rama. Several students received scholarships in this inaugural year, reflecting the company’s view that its success depends on its people.

As founding chairman of AAHOA and past chairman of the American Hotel and Lodging Association, Rama believes the hospitality industry’s strength lies in developing its people, Auro said in a statement. He established the first scholarship under his family’s name in 1998.

Keep ReadingShow less
Philadelphia Tops Bed Bugs Infestation List Again in 2025

Report: Philadelphia tops bed bug list again

Which U.S. Cities Have the Worst Bed Bug Problems in 2025?

PHILADELPHIA LEADS THE list of the 50 most bed bug-infested U.S. cities for the second year in a row, followed by New York City and Cleveland-Akron, according to Terminix. The results show a rise in bed bug activity, with cities in Ohio, Texas, Florida, California and Pennsylvania making up much of the list, driven by travel, urban density and housing conditions.

Terminix's list of the 50 most bed bug-infested U.S. cities is based on 2024 service data from more than 300 branches nationwide.

Keep ReadingShow less
Colliers: US hotel assets improve in 2025, led by Northeast and Central regions

Report: Hospitality health up on travel, events

What are the key findings from Colliers’ 2025 Hospitality Outlook?

THE FINANCIAL HEALTH of hospitality assets, especially in the northeast and central regions, is improving, driven by leisure travel and the return of conferences and events, according to Colliers. U.S. hotels saw RevPAR rise 2.4 percent, ADR 1.9 percent and a slight uptick in occupancy from April 2024 to March 2025.

Colliers' 2025 Hospitality Outlook report found that some regions are still returning to pre-pandemic demand levels, while others are reaching prior cyclical peaks.

Keep ReadingShow less