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☆ The Meteoric Rise and Spectacular Fall of the Queen of Airbnb
▼ + stars: | 2024-04-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +18 min

Now, after she made her pitch at the VFW hall, attendees clamored around Widell, eager to have her manage their Airbnb rentals. The reign of the Airbnb Queen of Tulsa was over — and her subjects were left to pick up the pieces. Dominic Bugatto for BIThe "Queen of Airbnb" label, which started off as Widell's Airbnb account name, helped create an aura of omnipotence. According to those familiar with the business, Widell seemed to be shifting her focus away from Airbnb rentals to the house-staging business. Today, her "Tulsa Airbnb Group" on Facebook remains active, with some 1,000 members.

Persons: Airbnb, Dani Widell, Widell, Kathy Portley, weren't, —, Emily Burke, Will Widell, They'd, thrifty, Will, who'd, Logan Haskett, Dominic Bugatto, Burke, hadn't, Knikki Nash, she'd, Mallory Massey, Massey, David Brunson, Brunson, Renee Brummett, We've, Dani hasn't, Brummett, doorstepped, unraveled, Nash, Dani, Widell's, carting, Will cosigned, Brummet, Tulsa's, Meagan McCollum, Bram Gallagher, Gallagher, Dan Latu Organizations: VFW, Tulsa, Facebook, Tulsa Real Estate Investors Association, Oklahoma State University, Tulsa People, Mahogany Prime, Summit, Downtown, Social, Bank of America Center, PGA, Investors, Widell, Employees, Rover, BI, nonpayment, University of Tulsa, Business Locations: Tulsa, Tulsa ., Widell, Airbnb, Brady, Arkansas, —

☆ Millions of people are traveling to see the total eclipse. Hotels, motels, and skydiving operators are making bank on it.
▼ + stars: | 2024-04-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

AdvertisementAs millions of Americans get ready to watch the total solar eclipse on Monday — an event NASA has described as rare and "spectacular" — the phenomenon stands to lift local economies. According to NASA, this year's eclipse is set to last three to four minutes, longer than the last solar eclipse, in 2017. Former President Donald Trump looked up at the solar eclipse without glasses during the last eclipse. The glasses sold for $1.50 to $2 apiece. "We've shipped already about 70 million glasses, and I suspect I'm going to approach right at 75 million by the time next week comes," Jerit said.

Persons: —, Donald Trump, John Jerit, We've, Jerit, Jason Berger Organizations: Service, NASA, Perryman Group, New York Times, Marriott, The Washington, Getty, Optics, NPR, Fox News Locations: Texas, New York, Texas , Ohio, Grayville , Illinois, Dallas

☆ A W-2 employee who used real estate to reduce federal taxes on his $300,000 salary by 99% explains how to pick the right property to qualify for the tax loophole and maximize deductions
▼ + stars: | 2024-03-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

By then, he had sold his short-term rental property for a profit, but he still owned other long-term rentals. Therefore, they used the real-estate professional status and bonus depreciation to reduce their taxable income. The main one is through the short-term rental tax loophole (STR loophole). For example, Eileen pointed to Henderson, Nevada, which won't allow a short-term rental permit for a house if there is a permit for an existing short-term rental within 1,000 feet. Deductions would cancel out the taxes owed from the property's revenue, and what is left will reduce your W2 taxable income.

Persons: Michael Hyun, Joshua, Hyun, Eileen Kim, Eileen's, Michael, Brandon Ford, Eileen, Ford, Michael said, you'll Organizations: Business, CPA, IRS, Tax Relief, American Families and Workers Locations: Joshua Tree , California, New York City, San Francisco, Santa Monica , California, Henderson , Nevada, San Jose , California, Alameda County

☆ An airline replaced 3 flights with an A380 superjumbo to cope with Taylor Swift travel rush
▼ + stars: | 2024-02-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Qantas used an Airbus A380 to replace three flights from Melbourne to Sydney on Friday. Demand for air travel has been "incredibly high" during Taylor Swift's Australian tour, Qantas said. AdvertisementAustralia's Qantas flew an Airbus A380 from Melbourne to Sydney on Friday to help cope with huge demand for air travel during Taylor Swift's Eras Tour. AdvertisementCoupled with "incredibly high demand" for flights into the city because of Swift's tour, Qantas decided to operate a special flight to transport the passengers. Swift's tour has been huge for local economies.

Persons: Taylor, —, Swift, Sebastian Kahnert, QF7168, she's, AirDNA Organizations: Qantas, Airbus, Service, Australia's Qantas, Boeing, Qantas Airbus, Getty, Wales Locations: Melbourne, Sydney, Boston, Pittsburgh, Los Angeles, London, Singapore, Flightradar24, Cardiff, Warsaw, Poland

☆ The 24 best places for Airbnb investments in 2024
▼ + stars: | 2024-02-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

New investors poured in, hoping for profits, only to see increased competition from other new hosts and host revenue dip nationwide in 2023. Some of the best places to invest in short-term-rentals today are in smaller cities near outdoor attractions, according to analytics site AirDNA, which ranks the best places for Airbnb hosts to invest each year. AdvertisementAirDNA also highlighted spots that bucked the national trend to show growth in host revenue last year. Take Marquette, Michigan, a town on the shores of Lake Superior, which initially ranked high among the best places to invest. AdvertisementHere are the best 24 cities and towns to invest in an Airbnb in 2024, according to AirDNA, which provided all the data.

Persons: —, Peggy Gascon, Ryan Villines, Jamie Lane, Lane, AirDNA Organizations: Service, Business, . Locations: Phoenix , Arizona, Montana, Ellsworth , Maine, Acadia, Port Angeles , Washington, . Columbus , Georgia, Chattahoochee, New York City, Dallas, Marquette , Michigan, Lake Superior

☆ Good luck getting a seat at the Paris Olympics opening ceremony. The only tickets left are almost $3,000.
▼ + stars: | 2024-01-29 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

The 2024 Paris Summer Olympics is seven months away but tickets are selling fast. The only tickets left for the opening ceremony cost about $3,000. AdvertisementSticker shock came for Beyonce, and it's here for the 2024 Paris Olympics, too. The Olympics website shows that the only tickets left promise a front-and-center view of the Eiffel Tower for €2,700 or about $2,930. For the 2020 Tokyo Olympics, the highest-priced opening ceremony tickets cost ¥300,000 or about $2,025.

Persons: —, Beyonce, Cyrille Frémont, BI's Dan Latu, Frémont, Vrbo Organizations: Service, Olympics, Eiffel, Bloomberg, The New York Times Locations: Paris, Airbnb

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ Will Hotels Finally Beat Rentals in the Lodging Tug of War?
▼ + stars: | 2024-01-18 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

In cities from New York to Vienna, new short-term-rental restrictions — designed to improve housing availability for residents — are poised to boost the bottom lines at hotels. However, travelers working remotely continue to favor rentals, which remain strong in rural areas where there are more rentals than hotels. “Hotel supply is primarily in larger urban centers or along interstates,” he added. Though rentals are expected to account for just over 15 percent of lodging demand in 2024, compared to about 12 percent before the pandemic, they have profoundly challenged hotels. In response, hotels have adopted more residential features.

Persons: Airbnb, We’ve, ”, Jamie Lane Organizations: — Locations: New York, Vienna

☆ Airbnb hosts both love and loathe Christmas as they try to make as much money as possible: 'It's something we count on for the winter months'
▼ + stars: | 2023-12-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"It's something we count on for the winter months," Johnson told Business Insider. Hosts like Johnson will charge as much as they need to — so it's no shock your Christmastime Airbnb costs a pretty penny. Courtesy of AirDNAAirDNA data shows the last week of the year is typically the second highest-income week for short-term rentals, surpassed only by the Fourth of July. But for Thanksgiving, it was listed for $1,500 to $1,700 per night; around Christmas, it will go for $2,000 to $2,300 a night.

Persons: —, Melinda Johnson, Johnson, they'd, Jamie Lane, Lane, Austin Weinerman, Weinerman, Ryan Villines Organizations: Service, nab, Business Locations: Tennessee, Smoky, Angeles, South Florida, Warsaw , Missouri, Acapulco

☆ A town that became 'one giant Airbnb' is now facing a reckoning
▼ + stars: | 2023-11-16 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

"The town is basically one giant Airbnb," David Francis, an Oklahoma state official, told the Times. Unpaved roads plague rental owners, as does unreliable water infrastructure, which is essential to maintain the hot tubs that keep guests happy. Some cabin owners who bought properties recently, when prices were high, also worry that there aren't enough traveler bookings to make their investments worthwhile. It's enough of a gap, though, to deflate some new rental owners' dreams. "I hope I don't have to sell the cabin," Winegar said.

Persons: he's, he'd, —, Hochatown, David Francis, Hochatown's, Jay Carney, Airbnbs, Todd McDaniel, it's, Leo Winegar, Winegar Organizations: Service, New York Times, Times, Dallas, Costco Locations: Hochatown , Oklahoma, Oklahoma, Dallas, an Oklahoma, —, America, Airbnb, Hochatown, Idaho

☆ Airbnb used to be about crashing on a stranger's couch for cheap. Now Wall Street wants in.
▼ + stars: | 2023-11-11 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Airbnb started out with all mom-and-pop hosts, but now big firms are eyeing it as a money-maker. AdvertisementAdvertisementIt started buying up houses in Florida, and renting them out on Airbnb for hundreds of dollars a night, the Wall Street Journal recently reported . "The majority of Airbnb hosts share only one listing," according to a spokesperson. But the shift in operators from mom-and-pop hosts renting their spare bedrooms to major companies renting hundreds of units out has changed the guest experience, too, according to NerdWallet. AdvertisementAdvertisementShort-term rentals can be a volatile investmentRelying on Airbnb, though, can be risky for both mom-and-pop hosts and big-money investors.

Persons: Airbnb, —, Brian Chesky, AirDNA, Skift, Jelke Bosma, Jamie Lane, NerdWallet Organizations: TPG, Service, Wall Street Journal, Saluda, Investment, Davidson, Capital Management, University of Amsterdam Locations: Florida, San Francisco, New York, WEG, Pompano Beach, Fort Lauderdale

☆ US second home sales slide in pandemic-era vacation hot spots
▼ + stars: | 2023-10-30 | by ( Amina Niasse | ) www.reuters.com time to read: +4 min

And as secondary home activity dwindles, some smaller housing-related businesses in leisure hot spots say they are feeling the pinch as well. “Services for existing rentals has grown, but services for larger ticket remodeling work on new vacation rentals has stopped," said Tim Allen, owner of Kopa Home Services, based in Flagstaff, Arizona. Allen has had to decrease unit prices in his separate vacation rental business, Local Vacation Team, to keep occupancy figures above market. For Flagstaff, that figure is 14%, according to data from AirDNA, a short-term rental data provider. "With the acceleration of the creation of vacation rentals during the pandemic, now if visitors are at 1,000, there are 3,000 rentals available,” he said.

Persons: Kevin Lamarque, ”, Chuck Tuttle, they’re, ” Tuttle, Tuttle, Tim Allen, Jessica Lautz, Allen, “, Amina Niasse, Daniel Burns, Bill Berkrot Organizations: REUTERS, National Association of Realtors, William, Hilton, Lake Havasu, Federal Reserve, Mortgage Bankers Association, realtors, “ Services, Kopa Home Services, NAR, Thomson Locations: Island , South Carolina, U.S, Lake Havasu City , Arizona, William Raveis, Cape Cod, Massachusetts, Lake, Lake Havasu City, Flagstaff , Arizona, Flagstaff, AirDNA

☆ NYC Airbnb crackdown heats up: First property manager sues the short-term-rental giant under new rules
▼ + stars: | 2023-10-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

A property manager is suing their tenant for listing a rental on Airbnb citing the city's new rules. It's a test of how effective the strict licensing requirements are for short-term rentals in NYC. AdvertisementAdvertisementNew York City's new short-term-rental regulations are being put to the test, raising the question of whose job it is to enforce the crackdown. AdvertisementAdvertisementBut the property manager also blames Airbnb for letting the rental advertise on the platform in the first place. Licenses are a popular tool for regulations, as cities from Memphis to Montreal crack down on short-term rentals.

Persons: It's, —, They've, Airbnb, Michael A, Rosenberg, Pensabene, Brian Chesky Organizations: Service, Canvas, Apple, New Locations: New York City, New York County, Airbnb, Memphis, Montreal, Philadelphia, New York, Paris

☆ Americans are flocking to Mexico City where rent is cheaper and life is more laid-back—for locals, it’s complicated
▼ + stars: | 2023-10-12 | by ( Celia Fernandez Tasia Jensen Beatriz Bajuelos Castillo | Celia Fernandez | Tasia Jensen | ) www.cnbc.com time to read: +18 min

Moran moved to Mexico City in 2019 and is now a permanent resident and lives with Dai, her Mexican boyfriend. "When North Americans come to Mexico, especially to Mexico City, they do not come for survival reasons," Osorno says. Alberto Martinez believes that the Mexican government needs to come up with a way to control rent prices in Mexico City. In 2022, the Mexico City government partnered with Airbnb to promote the city as a global remote working hub. In 2022, Airbnb and Mexico City announced a partnership that caused an uproar among CDMX locals.

Persons: it's, Gene Kim, Kyla Moran, Moran, Dai, Tasia Jensen, Beatriz Bajuelos, Hutchins, Caitlin Hutchins, Cora, Victor, Adalia, —, Aborisade, Hutchins isn't, I'm, Keith Brown, Brown, George Floyd, There's, doling, I've, Darnell, Tiara Darnell, Guillermo Osorno, Frida Kahlo, Diego Rivera, Leticia Lozano, Lozano, Anais Martinez, Martinez, It's, Leticia Lozano López, Alberto Martinez, Airbnb, Lozano López Organizations: CNBC, Mexico City, Black American, Spanish, U.S, Spotify, National Institute of Statistics, Human Rights, Osorno, Roma, Mexico's Foreign Affairs, New, of Labor Statistics, National Autonomous University of Mexico, The New York Times, Urban Regeneration, MIT, Airbnb, Nurphoto Locations: Mexico City, Mexico's, Ciudad, North America, Mexico, U.S, American, Hutchins, North Carolina, Texas, Mexico City's, United States, Buffalo , New York, Buffalo, Roma Norte, La, Osorno, Tourism Secretarait, Mexican, New York City, —, La Condesa, Airbnb, Latin America, Barcelona, Florence, Congress

☆ Hosts are eager for more support after Airbnb CEO Brian Chesky says 'we need to get our house in order'
▼ + stars: | 2023-10-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Airbnb CEO Brian Chesky called out his own company in an interview with Bloomberg published Monday. AdvertisementAdvertisementAirbnb CEO Brian Chesky says it's time for the company to "get our house in order," in an interview with Bloomberg, and short-term rental hosts are thrilled. Airbnb host Ric Kenworthy, who manages over 90 properties in Arizona, says Chesky's comments were a long time coming. Chesky's site is a marketplace that connects hosts and travelers, and the CEO is struggling to keep both sides happy. As travelers continue to book short-term rentals, Chesky acknowledged the company "never fully built the foundation" needed for the current size of the company.

Persons: Brian Chesky, —, Ric Kenworthy, Jen Kelman, that's, Chesky, Airbnb, Melinda Johnson, Johnson, Kelman, Katie Kay Mead Organizations: Bloomberg, Service, Airbnb Locations: Arizona, Airbnb, Tennessee, , Arizona, Arrowhead , California

☆ The CEO of Airbnb wants you to charge less for your house
▼ + stars: | 2023-10-03 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Airbnb CEO Brian Chesky thinks hosts on his platform should lower their prices. "We want prices to move and to be more competitive vis-à-vis a hotels—that is really important," said Chesky. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAirbnb CEO Brian Chesky has a message for hosts on his platform: lower your prices.

Persons: Brian Chesky, —, Chesky, Jamie Lane, AirDNA Organizations: Service, Bloomberg, Airbnb

☆ The golden years for NYC Airbnb hosts are over
▼ + stars: | 2023-09-18 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Airbnb listings in September fell to 4,600, a staggering 77% drop since June. AdvertisementAdvertisementOnly 4,600 short-term listings in New York City remain on Airbnb this month compared with over 20,000 active listings in June, according to analytics site AirDNA. It also found that Airbnb listings for stays longer than 30 days, which would be okay under the city's new rules, jumped from 54% of all listings in August to 88% in September. Florence banned new short-term rentals in the historic city center, while Paris capped how many days hosts could rent. Are you a New York City host affected by the newly enforced regulations?

Persons: Christine Blackburn, Blackburn doesn't, That's, Airbnb, Brian K, Lewis, Florence, Dan Latu Organizations: Service Locations: Wall, Silicon, New York, York, Brooklyn, Fort Greene, New York City, Ridgewood , Queens, Paris, Dallas, Philadelphia, dlatu@insider.com

☆ The 9 best college football towns for investing in short-term rentals
▼ + stars: | 2023-09-14 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Analytics site AirDNA ranked the best college football towns for investing in Airbnbs and Vrbos. It weighed competition, revenue potential, and occupancy to find the most ideal future investment. The Big 10 Conference towns dominate the top ranking with five spots, followed by the SEC with two. Analytics site AirDNA cobbled together college towns across five major conferences — SEC, ACC, Big 10, Big 12, and PAC-12 — in order to determine which places were the best for those seeking to invest in short-term rentals like Airbnbs and Vrbos. To be sure, the top-scoring towns aren't just the ones that have the highest revenue potential.

Persons: AirDNA, — Organizations: SEC, Service, ACC, Big, Washington State Cougars Locations: Airbnbs, Wall, Silicon, aren't, Washington

☆ NYC Airbnb reckoning: New restrictions will make life more difficult for hosts, and some may find their listings banned altogether
▼ + stars: | 2023-09-03 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

The new rules threaten to shutter thousands of short-term rentals and fundamentally redraw what kinds of apartments and homes are used for short-term rentals in New York City. Data site Inside Airbnb estimates there are 40,000 Airbnb listings alone, while an economic study prepared for Airbnb by Boston University Professor Michael Salinger estimates that number is closer to 36,000. One reason for New York City's crackdown is a concern over how short-term rentals squeeze an already incredibly tight housing market. "But a lot of short-term-rental hosts are getting caught up in this lazy sweep." Currently, the average daily rate for New York City listings on Airbnb and Vrbo is $251, according to AirDNA.

Persons: it's, Michael Salinger, AirDNA, Grant, Eric Adams, Melissa, I've, Melissa isn't, she'd, Larry Korman, Siegfried Layda, Korman Organizations: Service, New York, Boston University, Street Journal, New York City's, Special, York City, New Locations: New York City, Wall, Silicon, New, Airbnb, Hollywood, York, Philadelphia, New York, Ridgewood , Queens, Central Park, Central

☆ After an unpredictable summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it
▼ + stars: | 2023-08-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Airbnb and Vrbo demand is strong this summer, but a glut of supply continues to pinch hosts. But some hosts said, even with the demand, the headaches of hosting are no longer worth the money. Courtesy of Ryan VillinesAfter a grueling summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it. "I could be on vacation or out having drinks with friends, but I'm going to have to reply to Airbnb guests who can't get in or can't find the street," she told Insider. Are you a short-term-rental host deciding whether to stay in or leave the industry?

Persons: It's, Ryan Villines, Villines, Peggy Gascon, Ric Kenworthy, Kenworthy, Jen Kelman, She's, Kelman, she's, Dan Latu Organizations: Service, Phoenix Locations: Wall, Silicon, Airbnb, Missouri, Phoenix, Pine , Arizona

☆ A 70-year-old Phoenix real-estate agent explains why she converted her 4 Airbnbs into long-term, furnished rentals. 'It's the most overheated market I've ever seen.'
▼ + stars: | 2023-07-27 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Real-estate agent Peggy Gascon flipped all of her four Phoenix-area Airbnbs into long-term rentals. She appreciates the "peace of mind" and stability as the short-term market shifts. Gascon is just one host dealing with the shifting tides of the short-term rental market. Courtesy of Peggy GasconAll four of her short-term rentals are now rented out long-term, having converted the last one in May. The market wasn't providing enough income to make the added expense of maintaining the short-term rentals worth it.

Persons: Peggy Gascon, it's, I've, They're, Gascon, Airbnbs, I'm Organizations: Service, Travelers Locations: Phoenix, Wall, Silicon, Scottsdale

The income Luis earns from his Airbnb rental is paid in dollars into a digital account on US payment platform Payoneer, he said. Argentine hosts on Airbnb can receive payments to a local or overseas bank account as well as Payoneer and Paypal, options on one host's account reviewed by Reuters showed and Airbnb confirmed. Airbnb told Reuters in a statement that guidance published on its website advised hosts to register their short-term rental properties with Argentine authorities. Argentine tax authority AFIP said that it "always encourages people to declare" income. The Buenos Aires tourism department told Reuters, however, that just 570 properties were listed on the city's register of short-term rentals in June.

Persons: Luis, Airbnb, Payoneer, AFIP, Ramiro Raposo, AIRBNB, Ariel Yeger, Gaston Levy, Gustavo, Ana Maria Ianni, Ianni, Anna, Catherine Brigida, Adam Jourdan, Suzanne Goldenberg Organizations: Reuters, Argentine, Paypal, Internal Revenue Service, PayPal, AirDNA, Airbnb, Peronist, Thomson Locations: BUENOS AIRES, Airbnb, Buenos Aires, Argentina, Argentine, United States, Senate's

☆ Wall St sees bargains and lure of Europe buoying cruise, hotel earnings
▼ + stars: | 2023-07-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Passenger ticket and onboard spending revenue is expected to increase 66% and 36%, respectively. Cabin bookings in the second quarter were up 58% compared to this time last year. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh Weinstein told investors in June. Meanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Hotel and short-term rental rates were about 18% and 35% more expensive in the second quarter than in 2019, according to analytics firms CoStar and AirDNA.

Persons: Brandt Montour, McKinsey, Sylvia Jablonski, Patrick Scholes, Josh Weinstein, AirDNA, Hilton, Doyinsola Oladipo, Granth, Susan Heavey Organizations: YORK, Investors, Hilton Worldwide Holdings, Royal Caribbean Cruises, Barclays, Royal, Carnival Corp, Cruise Line Holdings, Airlines, Cruises, Cruise, Truist Securities, Thomson Locations: Europe, United States, AirDNA . U.S, Asia, New York, Bangalore

☆ 10 under-the-radar towns Airbnb and Vrbo hosts should consider for their next rental
▼ + stars: | 2023-07-15 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

But it's a cruel summer for short-term rental hosts, as many vacationers are seeking out lower nightly rates and last-minute bookings, putting pressure on hosts in busier markets. To compile the report, AirDNA looked only at locations with between 100 and 500 whole-home listings with between one and five bedrooms. These spots proved a "happy middle ground" of established destinations that are not yet "name-brand" vacation spots, AirDNA Director of Enterprise Marketing Dillon DuBois told Insider. The higher a location's yield, the higher it ranked. AirDNA supplied all figures except for average home prices, which are from Zillow and used by AirDNA in its ranking.

Persons: Vrbo, AirDNA, Dillon DuBois, DuBois Organizations: Service, Enterprise Locations: Niagara Falls , New York, Geneva , Ohio, Wall, Silicon, Wisconsin , Mississippi , Ohio

☆ 10 US beach cities where the average host can make $200,000 or more per year
▼ + stars: | 2023-07-13 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

These 10 US beach locations are expected to be rental hot spots this summer, according to AirDNA. Analytics firm AirDNA projects the average host can bring in $200,000 or more in these locations. The list calculates how often the average host is booked (average occupancy) and how much the average host is charging (average daily rate) to arrive at the annual revenue potential. The most iconic beach states — California and Florida — dominate the list with spots like Destin, Florida, and Monterey Bay, California, along with cities like Miami and San Diego. In all locations, AirDNA projects the average host could bring in around $200,000 or more this year.

Persons: Vrbo, Hilton Organizations: Service Locations: AirDNA . California, Florida, South Carolina, Wall, Silicon, — California, Destin , Florida, Monterey Bay , California, Miami, San Diego, , South Carolina

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