Kristy Lake
Regional Manager of Business Development
Dear Trusted Partners,
We hope you had a productive start to 2026! We are excited to begin sharing short-term rental data, along with our perspective on how it applies to the Mammoth Lakes market. This review provides an overview of key performance indicator (KPI) trends for January, February and March 2026 as compared to the same period last year.
Market Overview
The Mammoth Lakes vacation rental market continued to show a strong performance in Q1 2026, even with broader economic uncertainty and shifting travel patterns. Visitor demand remained strong—in spite of the inconsistent snowfall and warmer-than-expected temperatures in the latter part of the quarter. Travelers continue to prioritize high-quality, professionally managed homes—especially those in desirable locations.
Overall, the first quarter revealed positive momentum across three of our most crucial KPIs. Gains in Average Daily Rate (ADR), Adjusted Paid Occupancy (APO) and revenue per available rental (RevPAR) suggest that the market is continuing to grow and cement its place as a winter favorite. As travelers become more discerning, homes with premium amenities, thoughtful design, and exceptional service are rising to the top.
Key Performance Indicators
The Data
This data was sourced from 29 property managers with +/- 950 properties, all of which are located within Mammoth Lakes.
Average Daily Rate (ADR)
Average Daily Rate (ADR):
Average Daily Rate: The Mammoth Lakes market saw a slight 0.6% year-over-year increase in ADR for Q1 2026, from $383 to $385, reflecting a steady and consistent market.
Mammoth Lakes Adjusted Paid Occupancy
Adjusted Paid Occupancy:
Year-over-year Occupancy is up 2.7%, with the 2026 market outperforming January and February 2025. The overall 2026 Q1 market Occupancy is up to 60.4% which conveys that Mammoth Lakes continues to be a strong ski market. Occupancy was down for March 2026, which is most likely due to the lack of snow and warmer-than-expected temperatures.
Mammoth Lakes Market RevPAR
Revenue per Available Rental (RevPAR):
RevPAR increased to $232 from $225—a 3.2% YoY gain. RevPAR combines both Occupancy and rate performance, offering a more complete picture of how well a rental is earning.
Natural Retreats vs. Mammoth Lakes Market – RevPar
Natural Retreats outperformed the broader Market in Q1 for the Average Length of Stay. This outperformance primarily represents the higher quality bookings that Natural Retreats is receiving and obviously indicates that guests are staying longer in our homes. This also represents our Revenue Management team’s ability to capture both weekend and weekday bookings, with many guests extending their stay longer than just the weekends.
The Mammoth Lakes market remains resilient and valuable for vacation rental owners, especially those positioned with expert property management. As a trusted local operator, Natural Retreats helps homeowners optimize both Occupancy and Rates through dynamic pricing, luxury guest services, and hands-on care.
Looking Ahead
As we look ahead to Q2 of 2026, we can expect slightly lower Occupancy due to the early change in seasons, however Natural Retreats is working to capture last-minute interest in spring skiing bookings and capitalize on guests looking for other outdoor adventures such as hiking and mountain biking through judicious rate adjustments.
KEY-DATA KPI DEFINITIONS
Glossary
We’re actively partnering with real estate professionals throughout the Mammoth Lakes area to help their clients make the most of vacation home ownership. Whether your clients are considering purchasing a second home or preparing to sell, we can provide valuable rental insights, including:
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