Article - U.S. Hotels State of the Union - Short-Term Rentals Appear to Be Taking Share from Hotels - Hotel demand growth declined 1.5% in June while short-term rental demand rose 14.3%, suggesting that short-term rentals may be taking share from hotels.
It's no secret that San Francisco has lagged behind other major U.S. cities in terms of its tourism comeback, but the scope of that lag remains startling.
Lodging Analytics Research & Consulting (LARC) remains very encouraged by the U.S. lodging industry’s recent performance and our outlook for 2022 is modestly improved, while our long-term outlook is minimally altered.