55 days ago • Posted by Martin Boujol
Short-term rentals takes a massive hit amid pandemic
Booked listing on Airbnb and Vrbo have yet to heal up, as they stay 25-30% under their previous year level. In order for a room to be counted as "booked", only 1 day per month is necessary, meaning that this chart should not be confounded with the total booking volume. However, booked listings should give us a fair indication on the state of booking volumes nevertheless. However, it remains a sector less affected than hotels, most likely because of the fact that they do not mainly depend on business travelers. Indeed, some listing performed better than before the crisis, attracting visitors that were looking to get away from cities and work remotely in a quieter, less crowded area.
Source: Statista, AirDNA