Access exclusive travel research, data insights, and surveys
Short-Term Rentals
Airbnb’s focus on domestic and self-catering travelers positions it well in an unfavorable macro environment with increased demand for vacation rentals.
Srividya Kalyanaraman | 11 months ago
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.
Vacasa's debut in the public market had a significant impact on the short-term rental industry, showcasing its influence as one of the largest branded property managers in the U.S.
Booking Holdings spent approximately $6 billion on marketing in 2022, which accounted for about 35% of its total revenue, while Expedia Group’s marketing spend was around 47% of its revenue.
Occupancy levels for US vacation rentals in July 2023 are pacing about 5 percent lower than the previous year, falling from 37 percent to 32 percent. However, rates have only decreased by 4.8 percent due to last-minute discounts, and guest behavior doesn’t seem to be the primary factor.
AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce.
Dallas City Council imposes zoning limitations to prohibit short-term rental homes in single-family neighborhoods, while still allowing them in commercial areas and multi-family neighborhoods.
We’re halfway into the year, and the short-term rental industry has been buoyed by summer travel picking up, despite prevailing economic uncertainty.
Vacasa and Sonder, two prominent short-term rental companies, face delisting notices from Nasdaq but have plans to address the issue and regain compliance.
Florida-based real estate investment firm Black Swan has acquired Lyric, a former short-term rental operator specializing in multifamily buildings.
