It's a cruel, unpredictable summer for Airbnb and Vrbo hosts — but it also might be the new normal
Last July, Arizona short-term-rental host Jen Kelman brought in $3,700 in Airbnb bookings alone, managing a two-bedroom rental in the mountain escape of Pine that attracts Phoenix daytrippers looking to beat the heat.
In January, analytics site AirDNA forecasted demand for short-term rentals, as measured by nights booked, would grow by 5% in 2023."Travel brands and the service economy have outperformed expectations, and short-term rentals are no different," said Jamie Lane, chief economist at AirDNA. showed that 90% of summer travelers this year changed their plans for travel to be more budget-friendly, including choosing driving over flying or choosing a cheaper day to travel.
For the rest of the rentals in the middle, she told Insider hosts and managers are forced to dance back and forth with the market, trying to find a"breakeven price" where it's"worth it to rent, but people still see it as a good enough deal."
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