![]() His figures had RevPAL in Sevierville down 8.4%, far less dire than the 47.6% cratering shown in Gerli’s data. AirDNA tracks performance and trends in the short-term rental space. Gerli then got “ well actually-ed” (nice to know this happens to dudes too) by Jamie Lane, chief economist and senior vice president of analytics at AirDNA (that’s the name y’all went with? It’s a choice, I guess). He explains a city like Phoenix, where the number of short-term rentals outnumbers the number of homes for sale by a 2:1 margin, would result in a “massive cocktail of forced selling.” Compared to only 570,000 homes for sale.” He speculates that anyone using Airbnb to generate income may be forced to sell if this trend continues. Data from AllTheRooms shows 1 million Airbnb/VRBO rentals. housing market is just how many Airbnbs there are. Gerli then posits his butterfly effect theory: “What’s scary for the U.S. Anyway, rentals in Florida hotspots like Panama City and home to Mickey, Orlando, were down around 36%. Wait…is that how that goes? Try singing it. Don’t want your short-term listings to get pigeon-holed near Pigeon Forge? Austin, Texas, and Phoenix-,both hot sunbelt locales-also saw declines of 47.2% and 46.1% respectively.Īnd if you want to make like Guns N’ Roses and take your fun down to Panama City where the grass is green and the girls are pretty. At the top of the chart with the largest decline in revenue-47.6%-was Sevierville, Tennessee, home of America’s Queen: Dolly Parton. The data highlighted the change in revenue per available listing (RevPAL) calculated on a three-month-average basis, between May 2022 and May 2023. It showed revenue per available listing dropping by nearly 50% in some of the top U.S. The chart was compiled from short-term rental data and analytics group AllTheRooms. Late Tuesday, Nick Gerli, CEO of Reventure Consulting, tweeted a chart illustrating the supposed implosion of Airbnb’s business in several very popular markets. One analyst took to Twitter in a now viral post (over 25 million views) suggesting the short-term rental bubble is about to burst. That’s fantastic, life in plastic, but a fun debate was evolving outside of Barbie’s rosy-hued glasses. One lucky winner will receive a two-night stay in a luxury DreamHouse in Malibu. Studio (WBD), the producers of the soon-to-be released film (July 21st) starring Margot Robbie and Ryan Gosling, announced a promotion with Airbnb (ABNB). ![]() ![]() From Barbie Xbox to Barbie eyeshadow palettes, pink makes green. ![]() No one works harder than the Barbie movie marketing team. ![]()
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