The new partnership and addition of 6,500 select vacation homes, combined with 4,000 properties from Vacasa’s acquisition of TurnKey, makes Vacasa the leading supplier of properties to Homes & Villas by Marriott International.
Keeping costs low is critical to maximising the revenue from your vacation rental. This means getting smarter about your energy usage.
According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels.
Airbnb says the revenue increase was driven by strength in North America and higher average daily rates during the quarter. Comparatively, in the same period last year, revenue was significantly impacted by the cost of cancellations related to COVID-19.
onefinestay announced the launch in Cannes and its surrounding area with 100 private villa rentals now available, from opulent old-style estates to serene contemporary retreats.
According to AirDNA, occupancy in the United States rose to 60.9% for the month as spring break crowds swarmed coastal destinations, namely in Florida.
Vrbo has taken another step in its bid to go up against arch rival Airbnb in the battle to win over property hosts. The Expedia Group-owned private accommodation booking service is relaunching its owner service as Premier Host (formerly Premier Partner).
Airbnb’s sentiment score was moderately high at 0.73 (scale of 0 to 1) in Q1 2021, according to GlobalData, with top themes in its earnings transcript report including mobile payments, regulation and geopolitics.
According to an analysis from AirDNA, Airbnb - which saw its supply more than double over the past four years, up to 5.4 million active listings compared to 2.3 million at the beginning of 2017 - lost 5% of its total listings from January through June of 2020.
Following Prime Minister Boris Johnson’s announcement last week that the United Kingdom would begin easing lockdown plans – with all restrictions lifted starting June 21 – short-term rental bookings for the summer months have boomed.
Online booking platform Airbnb has said it is preparing for a significant travel rebound as the world emerges from coronavirus lockdowns.
In November, short-term rental bookings went up as news of a COVID-19 vaccine helped boost traveler confidence. Now, with the rollout of the vaccine underway, forecasts predict that it will still take some time for Airbnb occupancy rates to recover; however, national daily rates are expected to grow throughout 2021.
The site makes more than 50,000 apartments, villas and chalets available, drawing from Accor's 15 extended stay hotel brands (including Adagio, Mantra, and Hyde Living), as well as the company's portfolio of branded private residences which are privately owned and frequently included in managed rental programs (Raffles Residences, Banyan Tree Residences, Delano Residences, Fairmont Residences, SLS Residences, etc.) and one-of-a-kind private rentals (onefinestay), in over 350 destinations.
Like all other major players in the lodging industry, Airbnb was hemorrhaging cash at a rapid rate at the start of the COVID-19 pandemic. However, it was proactive in how it quickly changed its strategic direction internally and externally, resulting in a net profit of $219m for Q3 2020, says GlobalData.
Airbnb on Monday released its prospectus to debut on public markets.
Airbnb’s Actions Violate Contractual Agreement with Hosts, According to Lawsuit
Following Airbnb’s recent launch of its City Portal for local governments, Ralph Hollister, Travel & Tourism Analyst at GlobalData his view on the situation.
Hoteliers and vacation rentals have slowly started opening their doors to a more competitive market than ever before.
Short-term rental bookings are proving to be a bright spot in the U.S. travel sector during the COVID-19 pandemic, according to data from AllTheRooms Analytics, a provider of short-term rental analytics. Despite rising U.S. cases in the last two months, short-term rental bookings for the next 180 days made on platforms such as Airbnb and Vrbo have continued to rebound, and are now at 81% of their 2019 levels.
Following the news that the City of Paris is proposing a project aiming to amnesty illegal Airbnb owners in exchange for their properties to go back on the long-term rental market, John Vandesquille, Travel & Tourism Analyst at GlobalData offers his view.
Following the recent announcement from Lisbon’s Mayor pledging to ‘get rid of Airbnb’ once the coronavirus pandemic is over by turning short-term rentals in to affordable housing.
A few months ago, the chance of Airbnb’s planned IPO going ahead in 2020 was slim to none. As the COVID-19 pandemic swiftly ground domestic and international travel to an abrupt halt, travelers cancelled their bookings en masse and its host community looked to list their properties elsewhere. However, Airbnb’s recent performance means that a stock market launch is now once again a possibility says GlobalData.
Expedia Group today announced that it is implementing the next phase of its strategy to simplify its vacation rental brand portfolio and focus on Vrbo®. Next month, users of the HomeAway website in the U.S. will be redirected to Vrbo.com and HomeAway mobile app users will receive a notification to download the Vrbo app.
Airbnb hosts claim that Airbnb violated its own terms of service, misrepresented its polices and engaged in consumer deception when it converted over $2 billion in host payouts to bolster its goodwill with travelers and IPO valuation.
COVID-19 has disrupted the disrupter of the hospitality industry. Can vacation rentals recover from this pandemic? How?