The hotel vs. Airbnb battle may have just completely flipped. Post-pandemic, it seemed as if short-term rentals were the only places worth staying when traveling. Having a house with multiple beds, a kitchen, a private yard, and parking was considered too good for hotels to compete with. But, as the world reopened, travelers got tired of cleaning up after themselves and taking out the trash, and hotels began to claw back market share.
With the idea of a short-term rental “collapse” constantly being pushed throughout mainstream media, we brought on AirDNA’s Jamie Lane to give us the facts about how the hotel vs. Airbnb battle is going. Jamie walks us through some surprising statistics about short-term rental occupancy, why things are starting to change in a post-pandemic world, the real estate markets seeing the worst (and best) performance, and how hotels are faring.
For those who have seen their short-term rental markets start to struggle with so much supply and not enough demand, Jamie has some insider-only tips on finding smaller markets where you can still make a decent profit and how owning an international vacation rental may be your best bet as Americans leave the road-tripping and domestic flights behind.
In This Episode We Cover:
The short-term rental “collapse” and why occupancy is starting to fall
The markets experiencing “normalization” as domestic travel becomes less popular
Must-have short-term rental amenities that can almost guarantee you bookings
Hotels vs. hosts and why Airbnb is losing market share to free buffet breakfasts
Short-term rental regulations and how bans will impact hosts in every real estate market
And So Much More!
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#Airbnbust: The Fall Of Short-Term Rentals
Hosts vs. Hotels: Is There Still Room in The Short-Term Rental Market?
Has the Short-Term Rental Goldmine Run Dry? w/Jamie Lane
Access Up-to-Date Short-Term Rental Data with AirDNA
Connect with Jamie:
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Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-143
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