Olympic National Park in Port Angeles, Washington [Unsplash]

AirDNA releases 2024 Best Places to Invest report

US: Short-term rental data and analytics provider, AirDNA, has released its 2024 Best Places to Invest report, a guide that pinpoints the most promising markets for investment this year, identifying US hotspots where investors can maximise returns.

The list offers a blend of well-known and emerging markets with distinct draws, ranging from coastal getaways and historical gems to lively cultural scenes, catering to various traveller interests. Towns such as Ellsworth, Maine, Logan, Ohio, and Fairbanks, Alaska, carry over from last year, while Florida favourites have a big showing with seven markets in the top 25.

With its latest updates, AirDNA wants to empower investors to find their own best markets, offering tools to filter and sort by key criteria. Users can browse current properties for sale and generate accurate projections for STR revenue, streamlining the investment process.

Jamie Lane, SVP of analytics at AirDNA, said: “As the STR industry gets more and more competitive, choosing the right market and the right property is crucial. Our recent integration of homes for sale into the AirDNA platform opens up new avenues for investors all in one place, allowing them to discover, analyse, and even browse properties for sale in the most promising markets, fully tailoring AirDNA’s investor toolkit to their individual needs.”

AirDNA’s top 10 places to invest in 2024 are:

  1. Columbus, Georgia

  2. Ellsworth, Maine

  3. Logan, Ohio

  4. Spring Hill, Florida

  5. Sneads Ferry, North Carolina

  6. Winter Haven, Florida

  7. Stanton, Kentucky

  8. Port Angeles, Washington

  9. Akron, Ohio

  10. Fairbanks, Alaska

Despite occupancy and RevPAR declines in the United States in 2023, AirDNA’s 2024 outlook anticipates occupancy rates stabilising, with a slight rise in RevPAR.

AirDNA CEO Demi Horvat said: “Current market conditions underscore the importance of in-depth market insights. Intentional investments based on data break the trend and outperform the competition.”

To discover the full list and methodology for each location’s success, follow this link.

AirDNA recently released its findings into the Super Bowl LVIII in Las Vegas, which took place between the Kansas City Chiefs and the San Francisco 49ers on Sunday [11 February]. The data provider analysed data from 27 January onwards and observed an 87 per cent increase in nights sold and an 87 per cent higher average daily rate [ADR] compared to the same weekend last year.

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