Covid-19 Impact on Short-Term Rentals

Airbnb and short-term rental property owners have felt the first-hand effects of Americans putting travel on hold due to Covid-19.  In order to gain insight into how Covid-19 has affected short-term rentals, IPX 1031 recently surveyed both part-time and full-time Airbnb hosts as well as guests who have used the platform.   47% of hosts don’t feel safe renting to guests while 70% of guests are fearful to stay at an Airbnb right now. 64% of guests either have canceled or plan to cancel an Airbnb booking since the pandemic started.  Airbnb hosts expect a 44% decrease in revenue this summer (June-August). Hosts have dropped their daily rates as much as $90 on average. 45% of hosts won’t be able to sustain operating costs if the pandemic lasts another 6 months (16% have already missed or delayed a mortgage payment on one or more of their properties). On average, hosts have lost $4,036 since Covid-19 began to spread in the US.

Covid-19 impacts on Airbnb Hosts

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Matt Zajechowskihttp://www.digitalthirdcoast.net/
MATT is passionate about all things search engine optimization (SEO) with a strong focus on link building, local search, social media and content creation and promotion. He takes a great deal of pride in helping our clients obtain more digital visibility. Matt's core career background is link building. Link building constantly forces him to adjust strategies and explore different strategies for different clients. He also has a great deal of interest in social media and how businesses use it to market themselves. It's an emerging trend that he enjoys studying. Matt is always trying to learn more about the ever-changing search industry.

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