Tulsa Short-Term Rentals Surge Near Gathering Place and Blue Dome
Tulsa short-term rentals are on the rise, especially near hotspots like Gathering Place, Philbrook Museum, and Blue Dome District nightlife. As Oklahoma’s second-largest city, Tulsa’s combination of Route 66 heritage, renowned jazz, and buzzworthy eateries makes it a promising destination for STR investors.
Quick Takeaways:
- 1,800+ active vacation rental listings citywide
- Average Daily Rate (ADR): $132
- Citywide occupancy: 63% in past 12 months
- Year-over-year STR revenue growth: 7%
- Average guest cancellation rate: 9%
- Top tips: Focus on downtown/Cherry Street, optimize for pet-friendliness, leverage festival calendars
1. Strong Demand and Occupancy Trends
Tulsa’s visitor base keeps vacation rentals in Tulsa well-booked. Occupancy rates consistently surpass 60%, especially during events like Mayfest and Oktoberfest. Investors should target properties near popular sites like the Tulsa Art Deco Museum and BOK Center for year-round bookings.
2. Profitable Average Daily Rates
With ADRs at $132, Tulsa outperforms other Midwest STR markets. High-quality furnishings, amenities, and proximity to sites like the Philbrook Museum of Art boost rates further, maximizing investor ROI.
3. Navigating Seasonal Swings
STR investing in Tulsa means planning for some seasonality. Summer and fall draw festival crowds, while winter months see dips in bookings. Smart pricing and dynamic calendar updates help balance occupancy across quieter periods.
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4. Understanding Cancellations and Reviews
While Tulsa’s guest cancellation rate hovers around 9%, responsive communication and flexible policies improve reviews. Repeat business thrives when check-in is seamless and guest needs are anticipated.
5. Tips for Outperforming the Competition
The most successful vacation rentals in Tulsa offer unique décor, smart tech, and local recommendations. Listing on Airbnb and maintaining top-notch cleaning reviews ensure higher visibility over time. Proximity to attractions like Tulsa Zoo keeps occupancy strong.
Conclusion
For steady cash flow and appreciation, STR investing in Tulsa offers attractive returns for hands-on and remote investors alike. Ready to maximize your property’s performance?
