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☆ Airbnb hosts with a lot of properties get lower ratings from guests, CEO Brian Chesky said
▼ + stars: | 2024-11-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Airbnb CEO Brian Chesky said properties run by people with many listings had lower average ratings. Chesky told The Verge's Decoder podcast that small-scale hosts give guests a "local feel." AdvertisementAirbnb CEO Brian Chesky said last week that hosts with more rental properties don't always get the best reviews. Advertisement"If anyone's listening and they work at or are a third-party property manager, we love the ones guests love," he told The Verge. "Although the average rating across the board isn't as high, there are some unbelievable property managers, and we love them."

Persons: Brian Chesky, Chesky, —, Claudine Patel, they're, Nilay Patel, Chesky's, Airbnbs, Cheksy Organizations: Service, Host, Host Network, Sanofi Consumer Healthcare Locations: Airbnb, Barcelona, New York City

☆ A Controversial Vacation Homes Tax Is Dividing Lake Tahoe
▼ + stars: | 2024-11-05 | by ( Amanda Yen | ) www.businessinsider.com time to read: +12 min

My grandparents' vacation cabin in Lake Tahoe is the stuff of legend. My grandparents' little house in South Lake Tahoe, which they bought for $113,000 in 1984, quickly became a haven for my family. Framers of the Tahoe tax measure took inspiration from Berkeley, California, which adopted a vacancy tax this year. Since the city of South Lake Tahoe was incorporated in 1965, it's been populated by a healthy mix of year-round and seasonal residents. As of October 2024, the median sales price for homes in South Lake Tahoe was $750,000, according to Realtor.com.

Persons: George Rose, it's, Amelia Richmond, —, Steve Teshara, Teshara, Frederic Lewis, Sherri Maslyar, Jeff Cowen, we'd, Amanda Yen, I'd Organizations: of Commerce, South Tahoe Association of Realtors, BI, Colorado and, Survey, Tahoe Chamber of Commerce, Realtors ' Association, Business, Tahoe, Planning Association Locations: Tahoe, South Lake, Berkeley , California, Oahu, Colorado, Aspen, Vail, Breckenridge, Bay, Colorado and Utah, Park City , Utah, Richmond, Emerald

☆ As the housing affordability crisis deepens, Airbnb and Vrbo face backlash
▼ + stars: | 2024-10-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —It’s been more than six years since Irvine, California, banned short-term rentals — and the city’s mayor hasn’t looked back. “I certainly don’t think it’s a major driver of the housing affordability crisis,” Nieuwerburgh said. “The reality is that there just simply aren’t enough short-term rentals out there to really make a difference,” Yedinsky said. In Irvine, although Mayor Khan said the ban had been well received, Irvine’s housing affordability issues aren’t yet solved. Each Airbnb or other short-term rental host must pay a fee to the city to operate as a short-term rental business.

Persons: CNN — It’s, hasn’t, “ It’s, ”, Farrah Khan, ” Irvine, Michael Seiler, College of William & Mary, “, ” Theo Yedinsky, Stijn Van Nieuwerburgh, ” Nieuwerburgh, I’m, Airbnb, ” Yedinsky, ” Vrbo, Sieler, Khan, ” Khan, “ We’re, —, Dan Enright, ” Enright, Enright Organizations: CNN, College of William &, Public, Research, Harvard Business, Columbia University, Telluride Locations: Irvine , California, Irvine, Orange County, Telluride, Colorado’s Rocky, Virginia, New York City

☆ For some wealthy travelers, fall is the new summer
▼ + stars: | 2024-10-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

Some luxury travel agencies say more travelers are vacationing in the fall instead of summer. Fall vacations are becoming trendyMore people are booking fall-time Airbnbs for leaf-peeping destinations like Acadia National Park. Paris, France is a popular destination for fall travelers. AdvertisementEuropean countries like France are popular with fall travelers. Positano, Italy Tom Murray / Business InsiderBefore the rise of shoulder-season vacations, travelers wanted to chase the best weather, Grumbach said.

Persons: —, Misty, John Greim, Hopper, Jackie Roth —, Scott Dunn, Scott Dunn —, — Scott Dunn Private's, Alexander Spatari, Roth, Julie Durso, Airbnb, Kelly Grumbach, Melissa Biggs Bradley, Indagare, Melissa Krueger, Convento, Anantara Convento, Estelle Vassallo, Italy Tom Murray, Grumbach, they're Organizations: Service, Misty Belles, Getty, Scott Dunn Private, Belles Locations: Portugal, Rome, Athens, Acadia, New York, Maine, Europe, Paris, France, Italy, United Kingdom, Tuscany, Cagliari, Sardinia, Amalfi Coast, Sicily, Capri, Amalfi, Positano

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

☆ Residents of one European city just voted Airbnb out of their neighborhood
▼ + stars: | 2024-09-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +3 min

Read previewResidents of a bustling neighborhood in downtown Budapest, Hungary, have voted to ban Airbnb-style rentals. The move comes as a growing list of European cities have cracked down or plan to levy restrictions on short-term vacation rentals. The mayor of Terézváros, Tamás Soproni, cheered the vote as a sign that residents were reclaiming the district. There are currently over 15,000 short-term rental listings in the city of Budapest, according to analytics site AirDNA. Terézváros' ban will need to be approved by Hungary's Parliament, but the national government has made it easier for local governments to hold these kinds of referendums on Airbnbs.

Persons: —, It's, Tamás Soproni, Soproni, Terézváros Organizations: Service, Business, Reuters Locations: Budapest, Hungary, Terézváros, Hungary's, Barcelona, Prague, Lisbon, Florence, Europe, New York City

☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

☆ Airbnb's struggles go beyond people spending less. They're losing some travelers to hotels.
▼ + stars: | 2024-08-13 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

But Brown told Business Insider that more recent disappointing experiences with short-term rentals have led to a change of heart. This story is available exclusively to Business Insider subscribers. It's a far cry from the record-setting demand Airbnb saw immediately following COVID-19 lockdowns, when travelers craved private homes and acres of outdoor space. Hotels are winning over travelers in some areasDemand for Airbnbs is stalling or slipping in some categories where hotels are competitive, according to AirDNA. "I'm going to go check hotels and see if this is actually the best value," he told Business Insider.

Persons: —, Duane Brown, Brown, there's, Airbnb, AirDNA, Brian Chesky, Chesky, Jamie Lane, Lane, Adam Burgh, Burgh, might've Organizations: Service, Business, Daytona, Seattle, Marriott Locations: London, Toronto, Budapest, Florida, Sarasota, Rio de Janeiro, South America, Airbnbs, Whidbey, Seattle

☆ Barcelona is banning Airbnbs. Other European cities have cracked down already — with some success.
▼ + stars: | 2024-08-11 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Many experts say short-term rentals, including Airbnbs, are part of the problem, restricting local housing supply and driving up prices. We took a look at three European hubs — Lisbon, Florence, and Amsterdam — that have imposed relatively strict regulations on short-term rentals. Cities have been worried about the impact of short-term rentals on housing costs for years. Instead of a blanket ban, Amsterdam caps the number of nights hosts can rent out their homes at 30 a year. In an increasingly tight housing market, the dominance of short-term rentals acts as an "amplifier," he said.

Persons: —, Airbnb, Lisbon's, João Pereira dos Santos, Pereira dos Santos, Gregory W, Fuller, Florence, Florence's, Dario Nardella, Antonello Romano, Romano Organizations: Service, Business, New York, School of Economics, Finance, Queen Mary University of London, University of Groningen, Wall Street, University of Pisa Locations: Barcelona, Barcelona's, Spanish, New York, Tokyo, Vancouver, London, Paris, — Lisbon, Florence, Amsterdam, Lisbon, New York City, EU, Portugal, Netherlands, Venice

☆ Parisian Airbnb hosts are raking it in this summer as hotels suffer
▼ + stars: | 2024-07-25 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many will stay in the French capital's tens of thousands of hotel rooms, but many others are opting for short-term rentals, including Airbnbs. There are 44% more short-term rentals listed in Paris than there were last summer, according to AirDNA, a collector of industry data. The French capital had the fastest-growing short-term rental market in the EU over the last year, according to Lighthouse, a firm that analyzes the hotel market. National lawmakers are also poised to raise taxes on income from short-term rentals as a way to encourage homeowners to rent out their properties long-term. Airbnb, which dominates the short-term rental market in France, has leveraged the Olympics to expand its roster of hosts and guests in France.

Persons: —, Airbnb, Dave Stephenson, it's, AirDNA, RICCARDO MILANI, Blake Reiter, Reiter, they're, John van Hasselt, Anne Hidalgo, Hidalgo, wouldn't, " Reiter Organizations: Service, Olympic, Business, Games, City of, Getty, Time, Olympic Games Locations: Paris, That's, EU, France, City, Weeks

☆ Wilmington to Corpus Christi: The 10 best places to buy a beach house based on average home prices, rental revenue and more
▼ + stars: | 2024-07-05 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most. It can also come with many benefits, like a side hustle or extra income if you use the space as a rental property. In June, Realtor.com, in collaboration with AirDNA, released their ranking of the top 10 places to buy a beach house in the U.S. to use as a short-term rental. In order to rank the top 10 places, the report looked at:Median home pricesAverage annual rental revenueExpected yieldsSTR (short-term rental) regulationsOf the top 10, six were in the South, while the rest were scattered across the Midwest, East Coast, and Pacific Northwest.

Persons: AirDNA Locations: Realtor.com, U.S, Midwest, East Coast, Pacific Northwest

☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ The European housing crisis warping millennial life: The average Croatian lives with parents until 33
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +9 min

According to Eurostat, the EU statistical office, the average Croatian leaves their parents' home at over 33 years of age, its highest figure. Joshua Zitser/Business InsiderIn the US, almost everyone has moved out by then. Joshua Zitser/Business InsiderWhile tourism brings economic opportunities for Vukovic and many others, he says it has also worsened the already dysfunctional housing market. But in parts of Dubrovnik, Vukovic explained, that's not feasible. Joshua Zitser/Business InsiderFor Josip Crncevic, 34, prices feel far out of reach.

Persons: —, Joshua Zitser, Malohodžić, Ivan Vukovic, Vukovic, Filip Brkan, that's, Josip Crncevic, Crncevic, homeownership, it's, he'd, Marija, Sanja, Angelo, Cikato, Diana Marlais, Bogdan Dascalescu, wouldn't Organizations: Service, Croatian, Business, Eurostat, BI, UNESCO, Heritage, King's, Real Estate Business Association of, Croatian Chamber Locations: Dubrovnik's, Croatia, Dubrovnik, Independence, HBO's, Dubrovnik's suburbs, Marija

☆ Airbnb hosts are bracing for an unpredictable summer
▼ + stars: | 2024-05-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

Read previewLast summer ushered in a new normal for hosts on Airbnb and other short-term rental booking websites. Ahead of summer 2024, hosts face pressure to stand out from all the other listings in their areas. Adding additional stress is the increased unpredictability of travelers themselves — hosts say guests are booking trips more last-minute than the advance-planning of years past. With direct bookings, hosts are responsible for collecting the proper paperwork for background checks and payment information, and they don't have the additional insurance offered by the major platforms. Influencers can also help promote direct booking, Burke said.

Persons: —, Vrbo, they're, Emily Burke, Rick Kenworthy, he's, Kenworthy, Ryan Villines, Villines, Burke, she'll, she's, they've, who've, Influencers, Tulsans Organizations: Service, Business, Airbnb Locations: Tulsa , Oklahoma, Arizona, Scottsdale, Phoenix, Airbnb, Missouri, Tulsa

☆ Some Airbnb hosts run over 20 properties. Here are the 15 cities these megahosts dominate the most.
▼ + stars: | 2024-05-18 | by ( Dan Latu | Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

In popular ski destination Steamboat Springs, Colorado, for example, over 60% of the town's total short-term rental inventory is controlled by professional hosts. In 2023, the town created red zones where new short-term-rental permits were banned, according to local radio outlet KUNC. "It's been really lovely," Steamboat Springs resident Torey Wodnik told KUNC about living in the new red zones. Professional hosts may also have the upper hand in offering discounts and adjusting daily rates to capture more guests. Here are the 15 cities with the largest shares of Airbnb hosts that are professional companies.

Persons: —, It's, Torey Wodnik, Jamie Lane, David, Lane Organizations: Service, Business, Steamboat Locations: Oregon, Lincoln City, Newport, New Mexico, Ruidoso, Springs , Colorado, Springs, Steamboat

☆ Taylor Swift's Eras Tour might be about to do for Europe what it did for America
▼ + stars: | 2024-05-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The European leg of Taylor Swift's record-breaking Eras Tour kicked off on Thursday. The Eras tour is the first concert tour to gross over $1 billion, estimates showed. AdvertisementThe European leg of Taylor Swift's Eras Tour kicked off in Paris on Thursday. Estimates showed that the Eras tour is the first concert tour to gross over $1 billion. Hotel booking statistics also help to capture the sense of how in-demand Eras Tour tickets are.

Persons: Taylor, —, Dara Khosrowshahi, Swift, Beyoncé, AirDNA Organizations: Service, Department, Uber, Federal Reserve, Associated Press, Swift, Liverpool, Ireland, Miss Americana Locations: Paris, Singapore —, —, Australia, Stockholm, Cardiff, Vienna, Austria, Warsaw, Poland, Europe, Ukraine

☆ 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

☆ 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

☆ 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

☆ 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

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