Homes & Villas by Marriott International, today announced its launch in Australia and New Zealand – marking the platform’s entrance into Asia Pacific. The expansion into these new markets adds over 350 premium and luxury homes to the platform.
The five core markets – United Kingdom, Germany, France, Italy and Spain – account for about 70% of the total European STR gross bookings. Recovery is expected to be the fastest in the U.K., exceeding pre-pandemic levels by the end of this year, while France will not see full recovery to 2019 levels before 2024.
The biggest changes include a new search based on category, the ability to book two listings in one flow for stays over a week and AirCover for guests, which is basically Airbnb-provided travel insurance.
Vrbo reports accelerated rush to book summer vacation homes
Like many mobile-first, on-demand service-based companies started in the early 2010s, HotelTonight saw similarities with two of the biggest disruptors in that category.
Airbnb and the Belize Tourism Board (BTB) have signed a MOU initiating a mutual collaboration between both organizations to drive sustainable tourism in Belize through home sharing.
Airbnb Ends 2021 with 25% Revenue Growth over 2019
It’s hard to believe that only two years ago short term rentals were widely considered the 'alternative' accommodation option - something a bit different for the more adventurous traveler looking for a more authentic travel experience perhaps?
As the company faces new challenges and recurring political battles, CEO and co-founder Brian Chesky says 2022 is 'back to our roots, back to the basics.'
Need a place to show your guests why they should pick your vacation rental over another? Social media platforms like Facebook are the ideal start.
An increasing number of companies have formalized a model that combines Airbnb booking arrangements with the basic structure of an average hotel—so-called 'Airbnb hotels.' Airbnb itself is building some of these hotels, while other companies manage buildings under this format, often using Airbnb to manage bookings.
Q2 2022 is looking even better, with booking pace 88% higher than 2021.
Alterative accommodation marketplace HomeToGo finished 2021 with record booking revenue of €123 million, up 51% compared to 2020, and an even sharper increase in the final quarter of 2021 – up 111% compared to the same period a year prior.
Alternative accommodation marketplace closes on acquisition of vacation rental business unit of Groupe SeLoger, including its brands amivac.com, vacances.com and vacances.seloger.com
Average earnings for U.S. short-term rentals grew to their highest ever in 2021, a full 35% higher than at the start of pandemic and even outpaced home prices, which have risen 24.8% over the same period. On average, a listing earned around 26.2% more revenue in 2021 compared to 2020.
Airbnb is reporting its strongest quarter ever in the third quarter of 2021, with revenue topping $2.2 billion – a 36% jump over the same pre-pandemic period in 2019.
When Brian Chesky predicted a permanent shift in travel, I don’t think anybody truly took him seriously. Sure, Airbnb was in a hole and he had to talk his own book, but just as many of us didn’t quite realize, 18 months on, that COVID's specter would still be haunting us, none of us quite realized the Belle Époque of hospitality might never come back.
AirDNA Market Review | U.S. September 2021
Airbnb is testing a new API-powered display that gives channel managers and distribution platforms the ability load multiple rates plans for Airbnb properties – creating flexibility for both travelers and hosts and potentially making the platform more attractive to traditional hotels – and more directly in competition with online travel agencies such as Booking.com.
The outlook for fall and winter remains optimistic with short-term rental demand up 18% compared to the same time in 2019 and 88% higher than in 2020. In general, people are booking well ahead for their holiday travel this year. The week of Thanksgiving is booking 38% higher than in 2019 and 85% higher than 2020.
Real estate services provider JLL is launching a short-term rental platform it’s positioning as a rival to giants in the space including Airbnb and Booking.com.
amã Stays & Trails, India’s first branded homestay portfolio, today announced crossing the milestone of 50 bungalows, with seven new signings across India.
Airbnb paid a tourist $7m (£5m) after she was allegedly raped at knifepoint at a rental property in New York City, according to media reports.
Compared to other sectors of the travel industry, the short-term rental market has prospered amid the COVID-19 pandemic, with the United States officially recovering demand above 2019 levels as of April 2021.
It's difficult to predict where a disruptive company like Airbnb will be in five years and it's a folly to try to forecast its numbers, especially as the company still faces uncertainty coming out of the pandemic. However, two significant trends should shape Airbnb's business over the next five years.