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☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

☆ A certain type of vacation home is struggling to stay booked this summer: the outdated, mid-tier listings on Airbnb and Vrbo
▼ + stars: | 2023-07-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

The high end and low end of listings are getting booked this summer, Airbnb managers told Insider. It's a listing stuck in the mediocre middle and, during the most competitive summer for hosts in the past three years, it's not getting booked. Kenworthy said these properties have been 80% booked this summer, running higher than the projected average of 56%. Budget travelers this summer have 'Champagne tastes on a beer budget'Meanwhile, with an abundance of listings to choose from, budget travelers are perusing with high expectations. Hosts said, for many of the listings getting stuck in the mediocre middle, it comes down to aesthetics.

Persons: —, it's, Jamie Lane, They're, Ric Kenworthy, Kenworthy, Katie Kay Mead, Mead, aren't, Lane Organizations: Phoenix, Service Locations: Arrowhead, California

☆ It's a cruel, unpredictable summer for Airbnb and Vrbo hosts — but it also might be the new normal
▼ + stars: | 2023-06-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Americans are still booking short-term rentals for the summer at record rates, beating expectations. But the growing pool of Airbnb and Vrbo hosts means some hosts are seeing revenue drop up to 18%. Americans are still voraciously booking short-term rentals, despite economic uncertainty — and are even outpacing expectations. In January, analytics site AirDNA forecasted demand for short-term rentals, as measured by nights booked, would grow by 5% in 2023. "Travel brands and the service economy have outperformed expectations, and short-term rentals are no different," said Jamie Lane, chief economist at AirDNA.

Persons: —, Jen Kelman, Jamie Lane, Katie Kay Mead, Mead, it's, Kelman, Melinda Johnson, We're, Johnson, She's, she's, I'm Organizations: Service, Phoenix, AirDNA Locations: Arizona, Arrowhead , California, Tennessee, Smoky

☆ The 'Airbnbust' proves the Wild West days of online vacation rentals are over
▼ + stars: | 2023-03-22 | by ( James Rodriguez | Dan Latu | ) www.businessinsider.com time to read: +16 min

"We started panicking and started connecting with other folks who we know have short-term rentals," Sullivan told Insider. Given the sharp rise of short-term rentals there, some local lawmakers have recently called for amending the law. But short-term rentals are often essential to a healthy tourism economy, particularly in vacation destinations. Investors jumped in to capitalize on the boom, and the market soon became saturated with short-term rentals. There's one thing pretty much everyone can agree on: Short-term rentals are here to stay.

☆ The battle over Airbnb has hit a breaking point
▼ + stars: | 2023-03-22 | by ( James Rodriguez | Dan Latu | ) www.businessinsider.com time to read: +16 min

"We started panicking and started connecting with other folks who we know have short-term rentals," Sullivan told Insider. Rather than a collapse of the industry, the increasingly bifurcated state of the market — a bust for some, a boom for others — is a clear sign that we have hit a turning point in the long-running battle over short-term rentals. Given the sharp rise of short-term rentals there, some local lawmakers have recently called for amending the law. Investors jumped in to capitalize on the boom, and the market soon became saturated with short-term rentals. There's one thing pretty much everyone can agree on: Short-term rentals are here to stay.

☆ 7 hidden-gem cities and towns to buy an Airbnb in this year
▼ + stars: | 2023-02-13 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

They were picked for their high rate of bookings, growing revenue, affordability, and regulations. The list of 25 cities and towns captures destinations with "momentum," said AirDNA economist Jamie Lane. This year, the team also responded to the growing wave of regulations cities and towns are putting on short-term rentals. Locations like Burlington, Vermont and Madison, Wisconsin, for example, were removed because of new rules that limit who can own short-term rentals or require month-long stays. The list, however, is mostly dominated by midsized cities in the Midwest, where home prices are cheaper than in more expensive coastal cities.

☆ Airbnb and Vrbo owners should brace for 2023. There's more competition than ever and hosts will have to work harder to stay booked.
▼ + stars: | 2022-12-12 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Short-term rental owners will see a drop in occupancy rates in 2023, one forecast shows. While travel is still expected to remain high, travelers will have more listings than ever to choose from. "Even if we go into a mild recession, we don't expect demand for travel to decline next year," he told Insider. The hosts that will do best will most likely be those that offer discounted rates, Lane says. Those who don't actively manage their prices will "most likely" see a drop in their revenue, Lane said.

☆ Airbnb hosts are worrying about an 'Airbnbust.' Here's the main reason some short-term-rental owners are experiencing a rough patch.
▼ + stars: | 2022-11-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

After factoring in expenses, she told her 1.75 million subscribers that she lost nearly $10,000 from June through September. Airbnb hosts in certain areas are experiencing booking slowdowns that some people are calling an "Airbnbust." Nixon told Insider that her tweet came after she'd noticed changing attitudes in posts in a 196,000-person Airbnb Superhosts Facebook group. Courtesy of Amy Nixon"I would say it's happened over the last several months," she told Insider. Nixon told Insider the slowdowns hosts have been seeing in recent years come from one main source: too much supply.

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