How inflation impacts your Airbnb's pricing and revenue #shorts #airbnb #inflation #inflationnews

Name: How inflation impacts your Airbnb's pricing and revenue #shorts #airbnb #inflation #inflationnews
Uploaded: 2024-06-08T17:30:06+00:00
Duration: 47 s
Channel: Tim Hubbard
Description: Short YouTube video (Shorts) by Tim Hubbard explaining how post-Covid inflation has affected Airbnb hosts: inflation pushed prices and average daily…

8 Jun 2024 · 1 min

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0:47

Short YouTube video (Shorts) by Tim Hubbard explaining how post-Covid inflation has affected Airbnb hosts: inflation pushed prices and average daily rates (ADR) up, but overall national revenue is down — mostly high-single-digit decreases — driven by lower occupancy (examples given: occupancy down ~8–9% year-over-year). The speaker notes variation across markets and that some hosts still perform very well.

Questions this video answers

Tim Hubbard.

June 8, 2024.

Occupancy is down about 8%–9% year-over-year.

Chapters

All those trillions of dollars that were printed after Covid have officially made their way into the economy and still are, unfortunately. And so that pushes prices up. So average daily rates are going up along with that. But the overall revenue across the nation is down. Most of these figures are sort of the high single digit percentage. So the again, they took data from lots of different markets across the nation, but most of them are sort of in the high single dig decreases. So occupancy, for example, down 8%, 9% year over year compared to last year. So that's not great. Right? Again, all markets are totally different. So there's a lot of people out there that are crushing it.