Janaya Goselin did a double take when she saw tweets by an out-of-state real-estate consultant that indicated revenue on Airbnb listings decreased sharply in several cities, including Phoenix. MORE ⬇️
PHOENIX — Janaya Goselin did a double take when she saw tweets by an out-of-state real-estate consultant that indicated revenue on Airbnb listings decreased sharply in several cities, including a 47% drop for Phoenix.“I saw the number and I said, ‘That can't possibly be right,’” said Goselin, who co-owns AZ Desert Vacations, a property management company that oversees approximately 50 short-term rentals.
“I sincerely doubt that those statistics of a 40% decline reflect what’s really going on in the market,” he said. “It just doesn't seem to comport with what we’re actually seeing.” Nick Gerli, the real-estate consultant who sent the viral tweets, told ABC15 in an email that he got his data from AllTheRooms, a data company that tracks the short-term rental market. The data looked at the revenue per available listing from May 2023 compared to the same time a year ago. He said he is confident he reported the figures correctly.
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