The average length of stay for guest reservations in April has grown compared to last year for the majority of analyzed markets. Many of our Key Data partners have reported that they are extending stays for renters who keep their reservations.

European countries have been hit extremely hard by the novel coronavirus outbreak. After China, Italy is the second major epicenter of the virus. Other countries have continued to see an escalation in the outbreak. The timing of the spread of cases

Adjusted Paid Occupancy rates during March and April are lower than last year around the country. States with popular spring break destinations have been hit especially hard: Hawaii (-22%), Florida (-17%), and Tennessee (-16%) saw the biggest

Florida, like destinations around the world, is being hit hard by the outbreak of COVID-19. With businesses and beaches closing, any vacations planned for the next few months are up in the air. At this time, counties are each reacting

Colorado is feeling the economic effects of COVID-19, especially after the governor ordered ski areas to close for the season. In the past few weeks, short-term lodging businesses saw a spike in cancellations, as well as a steep slowdown in

Some popular spring break destinations experienced a brief spike in bookings late last week. As international travel was halted, cruises were canceled, and ski resorts closed, domestic drive-to markets looked like a great option for preserving a

With the COVID-19 virus affecting global systems at an unprecedented rate, it has proven difficult for leaders to project the future of any industry. Key Data has been tracking a few Key Performance Indicators (KPIs) to measure the impact of the

The outbreak of COVID-19 has slowed vacation rental booking activity. Nationwide, bookings per property made between 3/1 and 3/10 are down by 32%. The trend is more pronounced for out-of-state travel. Bookings for in-state vacations are down by

The COVID-19 outbreak reminds us of many of the core business practices we need to follow, even in the absence of a crisis:

- Clear, direct communications with employees, owners, and guest.- Defined, proactive processes that guide the team in