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From:
AirDNA
Subject:

Here's how the Coronavirus is Affecting Short-Term Rentals Globally

Hi Matthew,
 

The unprecedented onset of Coronavirus/Covid-19 is currently presenting the first major threat to short-term rental markets around the world. 

In order to evaluate the scope of the epidemic in its entirety, we aggregated vacation rental data from over 10 million properties to give a real-time update on the severity of the situation.

Have a read through our newest article and discover which markets are most affected, why some aren’t, and how many industry professionals are responding.


 

Key Takeaways
 

  • Demand and revenues in Beijing, Tokyo, Milan, Rome, Seoul and others have plunged throughout the month of February and into March
  • Most US markets remain strong and stable
  • Event cancellations in Austin and Barcelona have dealt crushing blows to hosts
  • Hosts in many locations are decreasing available rates to incentivize travel
  • Bright spot: booking behavior is highly localized and dependent upon destination type (leisure versus urban)
  • Short-term rentals are often more immune to the impacts of pandemic than other travel industries 
 

Our team at AirDNA is working hard to leverage the data to proivde real-time updates. We’ll be following up with more information on a weekly basis. 

If you have any questions or would like to know how the pandemic is interacting with global short-term rental markets, reach out to our team at hello@airdna.co.

Stay safe, 

The AirDNA Team