Mark Simpson defines medium term rental as furnished stays of 30 days or more, distinct from short-term rentals. About half of Airbnb bookings run a week or longer, and 24% hit 28 days or more.
Mark Simpson.
January 30, 2023.
About half (50%).
24%.
"30 Day Stay."
What is medium term rental? Yeah, so medium term is similar to a short term rental. It is a furnished rental. What differentiates short and medium is the nightly stay. So a short term rental is going to be two to three nights, maybe a week. It's really interesting. Half of all Airbnb bookings are now a week or longer, which I think is really interesting. But then you have 24% of all bookings on Airbnb are 28 days or longer. 28 day stay wasn't a great title for our book, so we named it 30 Day Stay. So I'm always thinking of medium term rentals as 30 days or more.
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