Short Term Rental Trends

Missouri Airbnbs & STRs

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RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
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Current Vacation Rental Performance in Missouri

Overview

Missouri's vacation rental market, particularly in areas like Branson, exhibits a mix of trends and challenges.

Key Metrics for Branson

  • Occupancy Rate: Branson's short-term rentals average a 48% occupancy rate.
  • Daily Rate: The average daily rate is $238, with a monthly revenue of $25,975.
  • Rental Growth: Active listings have increased by 8% over the past year.
  • Seasonality: The market shows significant seasonal fluctuations, with higher demand during peak tourist seasons.

Market Dynamics

  • Demand and Supply: The demand for short-term rentals in Missouri is closely tied to tourism and local events. Cities like Branson, known for live entertainment and recreational activities, see higher demand due to their vibrant tourism sectors.
  • Competition: The national trend of increasing supply of vacation rentals, which has led to lower occupancy rates and pricing pressure, is also observed in Missouri. This means more options for guests but lower occupancy rates for property owners.

Performance and Trends

  • Occupancy and Rates: While national occupancy rates have declined since 2020, with an estimated 58% occupancy rate for 2024, Branson's specific metrics indicate a stable but competitive market.
  • Revenue and Growth: Despite the challenges, Branson's vacation rental market still offers attractive revenue potential, with average monthly revenues of $25,975. However, investors need to be mindful of the increasing supply and softening demand.

Investment Insights

  • Data-Driven Decisions: Successful Airbnb investments in Missouri require a data-driven approach, focusing on occupancy rates, pricing strategies, and return on investment (ROI). Regular analysis of performance data is crucial for adjusting strategies to maximize returns.
  • Local Market Analysis: Investors should analyze local market trends and laws to identify profitable investment opportunities. Working with knowledgeable property managers and real estate agents can provide valuable insights into the local rental market.

In summary, Missouri's vacation rental market, especially in Branson, offers opportunities for investors but requires careful consideration of market trends, competition, and data-driven decision-making.

Current Airbnb & VRBO Trends by City

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FAQ

What does your pricing structure look like?
Our prices start at 10% of revenue. You can check out our pricing page for more information.
What types of vacation rental properties do you manage?
We manage a wide range of vacation rental properties, including single-family homes, condos, apartments, and luxury villas. Our services are tailored to meet the unique needs of each property type.
How do you handle guest support?
Our team provides 24/7 guest support, handling all inquiries, booking assistance, and any issues that may arise during a guest's stay. This ensures a seamless experience for your guests.
What is included in your damage waiver?
Our damage waiver provides $3,000 in coverage per booking, protecting you from accidental damages without the need for security deposits. This coverage is automatically included with every booking.
How does the payment process work?
We handle all aspects of the payment process, including processing payments, managing declined cards, and providing chargeback protection. Funds are deposited directly into your account, ensuring a smooth and secure transaction.
Can I still use my own booking website?
Absolutely! We offer a direct booking website service that allows you to showcase your property and accept bookings directly, bypassing the fees charged by major booking sites.
How do I get started with RedAwning?
Getting started is easy! Simply contact us for a free consultation, and our team will guide you through the onboarding process to ensure a smooth transition to our platform.
Why is RedAwning better than other property management companies?
RedAwning sets itself apart from other property management companies with a technology-driven, cost-effective approach that offers both full-service and partial management options, catering to vacation rental owners who value flexibility and control. Unlike competitors like Vacasa or AvantStay, which focus solely on full-service management with fees ranging from 25-50% of income, RedAwning provides a choice: comprehensive oversight including marketing, reservations, guest support, and maintenance, or a partial-service model emphasizing marketing and bookings across 50+ platforms like Airbnb, Vrbo, and Booking.com, potentially increasing bookings compared to narrower-channel options like Evolve. RedAwning's fees start at 10%. Having served the industry for 15 years, RedAwning combines experience with lower fees and rapid onboarding—listing properties in an afternoon—appealing to hosts who want efficiency without losing decision-making power, though it may not suit those needing extensive local support like Vacasa provides. Its scale (20,000+ properties across 10,000 destinations) and data-driven pricing give it an edge over Evolve’s simpler approach, making it a versatile choice for tech-savvy hosts seeking tailored management solutions.