![]() ![]() ET: This article was updated with a statement from Airbnb, and to amend "revenues" to "revenues per listing. ET: This article was updated with comment from Jamie Lane. As we said during our Q1 earnings, more guests are traveling on Airbnb than ever before, with Nights and Experiences Booked growing 19 percent in Q1 2023 compared to a year ago." ![]() In a statement to Newsweek about the data on revenues per listing, Airbnb said: "The data is not consistent with our own data. "With the number of listings increasing by 14 percent in 2023 and revenue per available listings down just 1.1 percent, we still see overall revenue earned by short-term rental hosts and property managers increasing by 13 percent in the U.S. Indulge in a posh stay at this elegant house that features three bedrooms and two bathrooms, making it ideal for eight people. Elegant house with a heated pool (from USD 549) Show all photos. Lane told Newsweek that AirDNA expects "modest declines throughout the rest of the year" for Airbnb revenues, "down around 1 percent for RePAR and then no growth in 2024" in addition to "occupancies coming down slightly offsetting a small increase in average daily rates. Continue reading to learn about the best luxury Airbnbs in Phoenix, Arizona. Airbnb revenue collapse data sparks housing market crash fears.Landlord's reason for evicting family with terminally ill child dragged.Florida's housing market is keeping Republican billionaire in California.In a few other cities included in AirDNA's list, revenues per listing have been growing, with Myrtle Beach, South Carolina, seeing an increase of 5.5 percent Salisbury, Maryland, 11.5 percent Breckenridge, Colorado, 3.5 percent and Denver, Colorado, 0.4 percent. Sevierville, in eastern Tennessee, saw a decline of under 10 percent, according to Lane, compared to Gerli's estimated 47.6 percent fall. The drop in revenues per listing calculated by AirDNA is much more modest than the one estimated by Gerli. These are the nine cities where Airbnb's revenues per listing have seen the steepest declines, according to AirDNA data: Airbnb has seen revenues drop in the past year, with New Orleans seeing a 14.9 percent drop. The data analyzed by AirDNA refers to change in revenue per available listing from May 2022 to May 2023.Ī stock image of Royal Street in New Orleans. The drop in revenues per listing for the company is, on average, 3.6 percent per market, according to data from AirDNA, a company that tracks performance and monitors trends in short-term rentals, economist Jamie Lane, AirDNA's senior vice president, tweeted on Wednesday. To get through the crisis, the company laid off 25 percent of its workforce and raised $2 billion in combined equity and debt to shore up its balance sheet. Numbers from other companies show a more modest decline.Īirbnb suffered enormously during the COVID-19 pandemic, with an estimated decline in bookings in 2020 of 72 percent compared to the previous year. Airbnb, the popular service that lets property owners rent their spaces to travelers, has seen its revenues per listing drop across the country in the past year.ĭata from short-term rental analytics company AllTheRooms shows that Airbnb's revenues per listing have dropped by nearly 50 percent in some cities, leading real-estate consultant Nick Gerli of Reventure Consulting to issue a warning about a house price crash. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |