Airbnb disputes the claim of a “collapse” in host revenue in certain U.S. cities, challenging the data presented in a viral tweet. The tweet indicated a nearly 50% decrease in revenue per available listing (RevPAR) in some cities.
According to Airbnb spokesperson Sam Randall, the data does not align with their own findings. Randall asserts that there is still strong demand for short-term rentals, as evidenced by a 19% increase in nights and experiences bookings in the first quarter of 2023 compared to the previous year.
The tweet causing controversy was authored by Nick Gerley, a consultant and YouTube content creator specializing in home buying and real estate investment advice. Gerley attributes the slowdown to a decline in demand and an increase in supply.
Although Airbnb has observed a rise in active listings each quarter since 2019. Randall affirms the company’s confidence in its ability to sustain growth and deliver value to hosts and guests.
It is possible that the data presented in the tweet is accurate but represents only a specific time period. Alternatively, it may not provide an accurate reflection of the overall market.
Only time will reveal whether Airbnb’s revenue will continue to expand. However, the company’s dispute of the data indicates its trust in its own metrics.
Why Kering’s Acquisition of Creed is a Good Move for the Luxury Beauty Market
