January 2023 Newsletter

SOCO’S BEST NEW RESTAURANTS OF 2022

Although we lost some culinary favorites in 2022 we also gained some! The Madrona, Lo and Behold and Cyrus all made the list of new restaurants worth your time but there are so many more on the list to try!

Side note: If you haven’t tried the burger at Lo and Behold yet, it’s AMAZING. Reservations are still necessary at most places. FULL LIST

2023 US AIRDNA STR OUTLOOK

Demand up by 5.5%
Supply down by 9%
ADR gains 1.7% Occupancy down but stable- 56.4%

VRBO TO RAISE SUBSCRIPTION FEE

Have questions? Visit VRBO’s Help center for more info.

“While we have kept our prices stable for the past four years, we periodically need to make pricing adjustments to support technology and marketing investments.

How this impacts you

Starting on January 15, 2023, annual subscriptions will be priced at $599. This pricing change will continue to include regional and global exposure for your property on our site, as well as access to new products and
features.”

Have questions? Visit VRBO’s Help center for more info.

AIRBNB CHANGING PRICING DISPLAY

Displaying total price and simplifying checkout
“When guests search Airbnb for a place to stay, the amount due at checkout can be higher than they expected, because the nightly price on the listing doesn’t include fees. This can lead to frustration and a loss of trust.

Starting December 14, guests can switch from nightly prices to total
prices in search results. Total prices include all fees before taxes. After guests enable this option, total prices will also appear on the map, price filter, and listing pages. Before confirming a booking, guests can review a full price breakdown for their stay that shows Airbnb’s service fee, discounts, and taxes.”

Read FULL DESCRIPTION here