The ADR Aristocrats: Top Cities for High-Demand, High-Rate Short-Term Rentals

Introduction

When it comes to short-term rentals, certain cities stand out from the rest. In this article, we'll be analyzing the top cities for high-demand, high-rate short-term rentals based on real-world data. From Utah to Florida, we'll explore the cities that are reaping the benefits of the growing short-term rental market.

Methodology

Our analysis is based on data collected from a recent study on short-term rentals. We've compiled a comprehensive list of cities with their respective average daily rates (ADRs), occupancy rates, and revenue data. Our goal is to identify the cities that are performing exceptionally well in terms of demand and revenue.

Top Cities for High-Demand, High-Rate Short-Term Rentals

1. Riviera Beach, FL

Riviera Beach, Florida, tops our list with an ADR of $858 and an occupancy rate of 90%. This coastal city is a hotspot for tourists and business travelers alike, making it an ideal location for short-term rentals.

According to our data, Riviera Beach has an estimated annual revenue of $281,853, with a mean monthly revenue of $23,488. This is a significant increase from the mean monthly revenue of $11,923 in nearby Bay City, TX.

Short-term rental market outlook suggests that cities like Riviera Beach are poised for growth in the coming years.

2. Indio, CA

Indio, California, comes in second with an ADR of $857.67 and an occupancy rate of 61.17%. This desert city is a popular destination for tourists and locals alike, making it an excellent location for short-term rentals.

In terms of revenue, Indio has an estimated annual revenue of $192,384.33, with a mean monthly revenue of $16,032. This is a notable increase from the mean monthly revenue of $11,923 in nearby Bay City, TX.

Top 10 booming cities like Indio are experiencing a surge in median list prices, making them attractive for investors.

3. Anna Maria, FL

Anna Maria, Florida, takes the third spot with an ADR of $833.69 and an occupancy rate of 75.11%. This charming coastal town is a popular destination for tourists and families, making it an excellent location for short-term rentals.

In terms of revenue, Anna Maria has an estimated annual revenue of $236,339.28, with a mean monthly revenue of $19,694.98. This is a significant increase from the mean monthly revenue of $11,923 in nearby Bay City, TX.

10 best short-term rental markets like Anna Maria are experiencing a surge in demand, making them attractive for investors.

Comparison of Key Metrics

ADR (Average Daily Rate)

The ADR of Riviera Beach ($858) is significantly higher than that of Indio ($857.67) and Anna Maria ($833.69). This indicates that Riviera Beach is commanding a higher price per night for its short-term rentals.

Occupancy Rate

The occupancy rate of Riviera Beach (90%) is also the highest among the three cities, followed closely by Anna Maria (75.11%) and Indio (61.17%). This suggests that Riviera Beach is experiencing a higher demand for short-term rentals.

Revenue Data

The estimated annual revenue of Riviera Beach ($281,853) is significantly higher than that of Indio ($192,384.33) and Anna Maria ($236,339.28). This indicates that Riviera Beach is generating more revenue from its short-term rentals.

Conclusion

In conclusion, Riviera Beach, Indio, and Anna Maria are the top cities for high-demand, high-rate short-term rentals. With their high ADRs, occupancy rates, and revenue data, these cities are reaping the benefits of the growing short-term rental market. As the short-term rental market continues to evolve, it's essential to stay up-to-date with the latest trends and insights. The evolving short-term rental market in Utah and other regions is worth monitoring for future growth opportunities.

References

Short-term rental market outlook Top 10 booming cities 10 best short-term rental markets The evolving short-term rental market