Airbnb paid a tourist $7m (£5m) after she was allegedly raped at knifepoint at a rental property in New York City, according to media reports.
Compared to other sectors of the travel industry, the short-term rental market has prospered amid the COVID-19 pandemic, with the United States officially recovering demand above 2019 levels as of April 2021.
It's difficult to predict where a disruptive company like Airbnb will be in five years and it's a folly to try to forecast its numbers, especially as the company still faces uncertainty coming out of the pandemic. However, two significant trends should shape Airbnb's business over the next five years.
The new partnership and addition of 6,500 select vacation homes, combined with 4,000 properties from Vacasas acquisition of TurnKey, makes Vacasa the leading supplier of properties to Homes & Villas by Marriott International.
Keeping costs low is critical to maximising the revenue from your vacation rental. This means getting smarter about your energy usage.
According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels.
Airbnb says the revenue increase was driven by strength in North America and higher average daily rates during the quarter. Comparatively, in the same period last year, revenue was significantly impacted by the cost of cancellations related to COVID-19.
onefinestay announced the launch in Cannes and its surrounding area with 100 private villa rentals now available, from opulent old-style estates to serene contemporary retreats.
According to AirDNA, occupancy in the United States rose to 60.9% for the month as spring break crowds swarmed coastal destinations, namely in Florida.
Vrbo has taken another step in its bid to go up against arch rival Airbnb in the battle to win over property hosts. The Expedia Group-owned private accommodation booking service is relaunching its owner service as Premier Host (formerly Premier Partner).