This month’s Brewing Data Blog touches on the latest version of one of our hallmark recurring research reports: The Mechanics of Online Review Sites and ILSs, now in its 15th edition. This latest iteration utilizes data from over 149,000 multifamily properties across the country, and our continuous analysis of resident feedback enables us to deliver rigorous and actionable feedback.
In spite of a historic purge of 2 million reviews, our total dataset of reviews still exceeds 18 million — renters remain highly engaged in online reviews. But what caused this unprecedented mass exodus of reviews?
I present three causes for the erasure of 2 million reviews:
As a consequence of these three factors, Google now has a 47% share of all reviews. They also continue to be the fastest growing site. Behind them, ApartmentRatings holds a share of 21% of all reviews.
The fragility of historic data has been exposed. Operators can no longer coast on past performance – maintaining/improving current performance is more important now than ever. A steady accumulation of new, organic reviews is of utmost necessity to protect a property’s online reputation.
For further insights, please see the full 15th Edition of The Mechanics of Online Review Sites and ILSs