HENDERSONVILLE, Tennessee — Nashville’s short-term rental industry posted 19-month highs in average daily rate (ADR) and revenue per available room (RevPAR), according to June 2021 data from STR.

June 2021 (percentage change from May):

  • Occupancy: 71.9% (+12.7%)
  • ADR: US$209.64 (+0.7%)
  • RevPAR: US$150.76 (+13.5%)

In addition to the market’s highest ADR and RevPAR levels since November 2019, Nashville’s short-term rental occupancy was its second best in that span. Hotel occupancy in the market was only slightly lower in comparison, at 70.1%, which was a 14.3% jump month over month.

Building on STR’s world-leading hotel performance database, Nashville is one of 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.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Haley Luther
Communications Coordinator
+1 615 824 8664 ext. 3500
STR

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