Nashville Short-Term Rentals Posted Highest Overall Performance In 19 Months
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.
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.
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