The high inflation and whispers of a coming recession that are part of life in 2023 has not translated into the “Airbnbust” for the short-term rental market that some are worried about here in the Valley.
Dynamics have shifted with the economic uncertainty but short-term rental demand is strong across the county, according to a report issued by AirDNA, a website that specializes in researching the short-term rental market.
“We expected that consumers would prioritize travel despite the economic climate, and a closer examination of recent demand and pacing trends has given us confidence that this is exactly the case,” the report stated.
