Earlier this year, many Airbnb hosts expected the short-term rental market to fall off a cliff. With the threat of an economic recession, travel spending was supposed to crater, and with it, a slew of Airbnb failures. But that never happened. While demand did drop, supply increased, and daily rate growth eventually fell flat, there was no “Airbnbust” that so many doomsayers predicted. But, with another recession risk looking more real, are hosts still safe?
We brought AirDNA’s Jamie Lane back to give his take on whether or not a short-term rental crash could happen this year or next. But that’s not all; Jamie also goes over what top hosts are doing NOW to increase their revenue and keep their businesses afloat even as rates come off their post-pandemic highs. Plus, what’s happening globally as a strong US dollar scares away would-be international travelers.
If you run an Airbnb, this is data you must pay attention to. We’ll review which short-term rental markets are in danger, the amenities that will explode your occupancy, what to do when regulations get introduced in your city, and how to prepare if a recession cuts into Americans’ travel spending.
In This Episode We Cover:
The “Airbnbust” that never happened and why the short-term rental market held up
Supply, demand, and why average daily rates are starting to fall across the industry
Airbnb bans and short-term rental regulations that could immediately impact your business
Global Airbnbs and why international travelers are steering clear of vacationing in the US
Fires, floods, hurricanes, and other natural disasters threatening lives and Airbnb businesses
Jamie’s advice on getting your first Airbnb and how to find a market that will last
And So Much More!
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Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-835
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