Airbnb hosts say bookings ' fell off a cliff' amid influx of new vacation rentals and rising prices Article_Normal HEAD TOPICS

Airbnb hosts say bookings ' fell off a cliff' amid influx of new vacation rentals and rising prices

10/22/2022 4:31:00 AM

' We went from 80% occupancy to zero ' one host says in a common refrain among property owners who say they saw a sudden decline in the summer months

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'We went from 80% [occupancy] to zero,' one Airbnb host says in a common refrain among property owners who say they saw a sudden decline in the summer months. 'We went from 80% [occupancy] to zero,' one host says in a common refrain among property owners who say they saw a sudden decline in the summer months He is not alone. Airbnb hosts are commiserating with one another about declining occupancy rates in Facebook groups, on Reddit and on Twitter, where a screenshot of a Facebook post went viral last weekend.Supply and demand The issue seems to be a matter more of supply than demand. Data shows supply has increased as more people like Malitsky put their properties up for rent when short-term rentals rose during the COVID-19 pandemic. Guests are also having to pay more, according to Khan’s note, which said that U.S. average daily rates for Airbnb and Vrbo rose 5% year over year in the third quarter. That’s about in line with AirDNA data, which showed that September average daily rates climbed 5.6% year over year to $265, and were up 31.1% compared with September 2019. Read more:
MarketWatch » I-55 reopens after crash south of I-80 involving 2 semi-trucks Woman sentenced after defrauding 80-year-old victim of more than $1 million Hot Flashes Can Impact Up to 80% of Women – So Why Aren’t We Talking About It? Metaverse trading volume plummeted 80% but hype hasn’t decreased

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More than 300 buyers put down deposits for Rolls-Royce's first electric vehicle prior to its unveiling, the luxury automaker's CEO told CNBC. Read more >> They just priced themselves out of the market with all thr add-on charges making them more expensive than hotels. With all the service charges and taxes that airbnb tacks on, plus the huge cleaning fees greedy hosts want, it's usually cheaper to stay at a hotel Maybe rental prices and home prices will settle back down to reasonable levels. Everyone has the same idea and it oversaturated the market while driving up home prices. I-55 reopens after crash south of I-80 involving 2 semi-trucksTraffic on I-55 was blocked south of I-80 after a crash involving two semi-trucks in Will County Wednesday morning. Woman sentenced after defrauding 80-year-old victim of more than $1 millionAccording to the U.S. Attorney's Office, Koreasa Maria Williams defrauded an 80-year-old client of more than $1 million. Hot Flashes Can Impact Up to 80% of Women – So Why Aren’t We Talking About It?It's time to start the conversation about hot flashes and its impact on women. Metaverse trading volume plummeted 80% but hype hasn’t decreasedDappRadar highlighted that despite decreased trading volumes and asset prices, there's still significant interest in the Metaverse. 'while trading volumes have taken a sharp hit during Q3' Yes, the gig is up. It's over. 'the average number of NFT sales for these 10 projects only decreased by 11.55%.' That's because ~88.45% of NFT sales are merely wash trading by the sellers. Real trade now zero. 'DappRadar explains that lower trading volumes could merely reflect decreasing asset prices...'We consider this a bullish sign... instead of a lack of interest.'' DappRadar appears to have skipped attending Economics 101 🤣 PRICE = SUPPLY v. DEMAND There is NO demand. '...DappRadar’s report indicated that the floor prices for NFT land...had decreased by [avg.] 75%...' Oh Jeesh! The economic incompetence continues throughout the article! 🤦‍ There. Is. No. Such. Thing. As. A. Floor. Price. - There. Is. Only. Supply. Versus. Demand. 80+ Degree Warmth Returning Soon! - Alabama NewsOur latest cold snap is fading away and we’re headed into a much warmer weather pattern. High pressure over the deep south will help keep our skies mostly sunny and dry. Temps respond with highs in the upper 70s to lower 80s over the weekend. Even morning temps will be climbing and we mid to upper 40s more likely the... 80-year-old man, Gregorio Gonzalez, reported missing in ComptonGregorio Gonzalez was last seen at 11 a.m. Thursday near the 14800 block of South Castlegate Avenue, according to the Sheriff's Information Bureau. Yikes! Not the ideal place to go missing Dylan Malitsky has been listing his Denver-area home on Airbnb Inc.More Videos