Short-Term Rentals

Short-Term Rentals’ Sober Summer

Srividya Kalyanaraman

Skift Take

If you’ve seen a tweetstorm about the alleged “Airbnb collapse” and are wondering if the data seems too dramatic – you’re not alone, or even wrong.

If you’ve seen a tweetstorm about the alleged “Airbnb collapse” and are wondering if the data seems too dramatic – you’re not alone, or even wrong. 

Using what he said was AllTheRooms data, Reventure Consulting CEO Nick Gerli claimed that revenue per available listing in cities such as Phoenix, Arizona fell 47%, when considering 3-month averages over the 12 months through May 2023, and Orlando, Florida's dropped nearly 38%.

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But let's put it in context.

I spoke on Wednesday to Richard Clarke at AB Bernstein to help me understand this. Clarke is the managing director at brokerage firm AB Bernstein and covers global hotels, OTAs and short-term rentals. 

“This is selective data sourcing,” he noted. “It’s been a fairly consistent message that some markets in the U.S. are seeing a drop in price and demand in the post-covid normalization. There are properti