Good Morning Hospitality Airbnb Stock Down 4.9% as Industry Shifts Towards Direct Bookings
Is this really the conversation that "Airbnb stock falls 4.9% due to direct bookings" or is this just a normal shift in the market? We're no stock market experts but you can join us on the show to hear some of our thoughts behind the matter and even quotes from industry experts on the subject.
Plus, more industry news to follow! Good Morning, Hospitality and welcome to the show!
Industry News:
AirDNA’s Fact of the Week:
Supply Growth continues to be a hot topic as host & operators prepare for peak season travel.
In March 2023, there were 1.34 million available short-term rental listings, a 19.9% increase from last year. This compares to a peak increase of 25% last summer. Out of the 50 largest STR markets, the Phoenix/Scottsdale, AZ market leads the country for growth, increasing supply by more than 66% YoY, followed by Los Angeles, CA with a 37% increase.
Around the country, there are only 12 markets with declining supply, 3 of which include Colorado ski towns, Aspen (-6%), Steamboat Springs (-9%), and Telluride (-10%).
Show Notes:
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