Build A BnB Biz

11/15/2022

Competition for Leisure Guests Heats Up Between Hotels and Short-Term Rentals.

"During the pandemic, short-term rentals had an advantage over traditional hotels due to consumer perception of better COVID-19 safety," said AirDNA Vice President of Research, Jamie Lane, "Now in 2022, hotels can compete on price and have claimed demand on key holidays where, pre-pandemic, they typically lost out on leisure travelers."

/PRNewswire/ -- A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term...

11/14/2022

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11/12/2022

But as some Airbnb hosts experience declining occupancy rates—and as the country’s economic outlook is uncertain—Airbnb is by and large having a banner year.

“Demand is still rising every month, and so are Airbnb’s bookings and revenue,” says Lane. “Although hosts in some markets are seeing a correction after a pandemic-driven boom, on the whole, demand remains very strong and we aren’t yet seeing an ‘Airbnb bust.'”

Many Airbnb hosts are weathering a decline in renters, after a pandemic boom, because of these factors