When Brian Chesky predicted a permanent shift in travel, I don’t think anybody truly took him seriously. Sure, Airbnb was in a hole and he had to talk his own book, but just as many of us didn’t quite realize, 18 months on, that COVID's specter would still be haunting us, none of us quite realized the Belle Époque of hospitality might never come back.
AirDNA Market Review | U.S. September 2021
Airbnb is testing a new API-powered display that gives channel managers and distribution platforms the ability load multiple rates plans for Airbnb properties – creating flexibility for both travelers and hosts and potentially making the platform more attractive to traditional hotels – and more directly in competition with online travel agencies such as Booking.com.
The outlook for fall and winter remains optimistic with short-term rental demand up 18% compared to the same time in 2019 and 88% higher than in 2020. In general, people are booking well ahead for their holiday travel this year. The week of Thanksgiving is booking 38% higher than in 2019 and 85% higher than 2020.
Real estate services provider JLL is launching a short-term rental platform it’s positioning as a rival to giants in the space including Airbnb and Booking.com.
amã Stays & Trails, India’s first branded homestay portfolio, today announced crossing the milestone of 50 bungalows, with seven new signings across India.
Airbnb paid a tourist $7m (£5m) after she was allegedly raped at knifepoint at a rental property in New York City, according to media reports.
Compared to other sectors of the travel industry, the short-term rental market has prospered amid the COVID-19 pandemic, with the United States officially recovering demand above 2019 levels as of April 2021.
It's difficult to predict where a disruptive company like Airbnb will be in five years and it's a folly to try to forecast its numbers, especially as the company still faces uncertainty coming out of the pandemic. However, two significant trends should shape Airbnb's business over the next five years.
The new partnership and addition of 6,500 select vacation homes, combined with 4,000 properties from Vacasa’s acquisition of TurnKey, makes Vacasa the leading supplier of properties to Homes & Villas by Marriott International.
Keeping costs low is critical to maximising the revenue from your vacation rental. This means getting smarter about your energy usage.
According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels.
Airbnb says the revenue increase was driven by strength in North America and higher average daily rates during the quarter. Comparatively, in the same period last year, revenue was significantly impacted by the cost of cancellations related to COVID-19.
onefinestay announced the launch in Cannes and its surrounding area with 100 private villa rentals now available, from opulent old-style estates to serene contemporary retreats.
According to AirDNA, occupancy in the United States rose to 60.9% for the month as spring break crowds swarmed coastal destinations, namely in Florida.
Vrbo has taken another step in its bid to go up against arch rival Airbnb in the battle to win over property hosts. The Expedia Group-owned private accommodation booking service is relaunching its owner service as Premier Host (formerly Premier Partner).
Airbnb’s sentiment score was moderately high at 0.73 (scale of 0 to 1) in Q1 2021, according to GlobalData, with top themes in its earnings transcript report including mobile payments, regulation and geopolitics.
According to an analysis from AirDNA, Airbnb - which saw its supply more than double over the past four years, up to 5.4 million active listings compared to 2.3 million at the beginning of 2017 - lost 5% of its total listings from January through June of 2020.
Following Prime Minister Boris Johnson’s announcement last week that the United Kingdom would begin easing lockdown plans – with all restrictions lifted starting June 21 – short-term rental bookings for the summer months have boomed.
Online booking platform Airbnb has said it is preparing for a significant travel rebound as the world emerges from coronavirus lockdowns.
In November, short-term rental bookings went up as news of a COVID-19 vaccine helped boost traveler confidence. Now, with the rollout of the vaccine underway, forecasts predict that it will still take some time for Airbnb occupancy rates to recover; however, national daily rates are expected to grow throughout 2021.
The site makes more than 50,000 apartments, villas and chalets available, drawing from Accor's 15 extended stay hotel brands (including Adagio, Mantra, and Hyde Living), as well as the company's portfolio of branded private residences which are privately owned and frequently included in managed rental programs (Raffles Residences, Banyan Tree Residences, Delano Residences, Fairmont Residences, SLS Residences, etc.) and one-of-a-kind private rentals (onefinestay), in over 350 destinations.
Like all other major players in the lodging industry, Airbnb was hemorrhaging cash at a rapid rate at the start of the COVID-19 pandemic. However, it was proactive in how it quickly changed its strategic direction internally and externally, resulting in a net profit of $219m for Q3 2020, says GlobalData.
Airbnb on Monday released its prospectus to debut on public markets.
Airbnb’s Actions Violate Contractual Agreement with Hosts, According to Lawsuit