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).
Airbnbs sentiment score was moderately high at 0.73 (scale of 0 to 1) in Q1 2021, according to GlobalData, with top themes in its earnings transcript report including mobile payments, regulation and geopolitics.
According to an analysis from AirDNA, Airbnb – which saw its supply more than double over the past four years, up to 5.4 million active listings compared to 2.3 million at the beginning of 2017 – lost 5% of its total listings from January through June of 2020.
Following Prime Minister Boris Johnsons announcement last week that the United Kingdom would begin easing lockdown plans with all restrictions lifted starting June 21 short-term rental bookings for the summer months have boomed.
Online booking platform Airbnb has said it is preparing for a “significant” travel rebound as the world emerges from coronavirus lockdowns.
In November, short-term rental bookings went up as news of a COVID-19 vaccine helped boost traveler confidence. Now, with the rollout of the vaccine underway, forecasts predict that it will still take some time for Airbnb occupancy rates to recover; however, national daily rates are expected to grow throughout 2021.
The site makes more than 50,000 apartments, villas and chalets available, drawing from Accor's 15 extended stay hotel brands (including Adagio, Mantra, and Hyde Living), as well as the company's portfolio of branded private residences which are privately owned and frequently included in managed rental programs (Raffles Residences, Banyan Tree Residences, Delano Residences, Fairmont Residences, SLS Residences, etc.) and one-of-a-kind private rentals (onefinestay), in over 350 destinations.