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Chapters 00:00 Introduction to the Spotlight Podcast 00:44 Reversal of Trends in Short Term Rentals 01:22 Data Analysis from Booking.com 02:03 Longitudinal Data Collection Methodology 02:53 Current State of Short Term Rentals 03:54 European Market Dynamics 05:03 Exploring Market Variability 06:11 Impact of Seasonality on Market Trends 07:15 Seasonality's Influence on Short Term Rentals 08:19 Demand Fluctuations in Smaller Markets 09:18 Focus on European Short Term Rental Markets 10:12 Seasonal Variations in European Markets 11:02 APAC Market Insights 12:02 Takeaways from Market Data 12:43 Regional Variances in Short Term Rentals 13:21 Introduction of New Metrics 14:44 Implications of High Listing Multiples 16:05 Top Markets by Supply 18:07 Comparison of US and European Markets 18:47 Impact of Regulations on Short Term Rentals 22:32 Effects of Regulation Enforcement in New York City 25:04 Analysis of US Cities Affected by Short Term Rentals 26:01 Impact of Short Term Rentals in APAC Cities 26:46 Key Takeaways from the Discussion Summary In this conversation, Daniel and Blake examine the shifting balance between hotels and short-term rentals, drawing on new data from Booking.com searches. They discuss why the share of short-term rentals surged and then stabilized, how seasonality and market size shape visibility, and what the new Listing Multiple metric reveals about distribution strategy. The discussion also explores regulation’s influence on supply, the varying regional impact from Europe to Malaysia, and Lighthouse’s new Short-Term Rental Market Impact Index designed to quantify local competitive pressure.