The impact of the pandemic on the Airbnb offer

While short-term rentals have proven to be a bright spot in the midst of the COVID-19 crisis, the pandemic has negatively impacted Airbnb’s global supply.

According to an AirDNA analysis, Airbnb – which has seen its offer more than double in the past four years, to 5.4 million active ads compared to 2.3 million at the start of 2017 – has lost 5% of its ads totals from January to June of 2020.

Since that time, however, total registrations have recovered and increased 2.5% from pre-pandemic levels.

In February 2021, a mix of mountainous and coastal locations had the highest number of new listings available, which is defined as the number of active listings (the number of listings visible on Airbnb with at least one night booked previously). who have calendar availability or at least one day reserved in the month.

The growing supply in destination / resort areas has mainly benefited large property managers, who tend to manage a high percentage of units in these locations. Globally, large operators (those with more than 21 units) have increased their number of available units by over 14% over the past year, while available listings have decreased by 9% for hosts having only one unit, which tend to be located in large urban centers. markets.

Large and mid-sized US cities saw a decline in available listings, while urban areas were the only type of location to also see a decline in active listings. Currently, urban areas only represent 20% of Airbnb’s supply in the United States, up from 40% in 2016.

Overall, active listings declined the most in Canada, where 40% of units were concentrated in three cities – Toronto, Montreal and Vancouver – at the start of 2021.

The number of active units increased the most in France, where almost all regions of the country experienced growth in active units.

Meanwhile, of the world’s top 25 short-term markets, Amsterdam lost the most available quotes, -45% in February 2021. However, the market is expected to experience a faster rebound in supply due to the relatively changes. low assets Announcements.

Markets like New York, Toronto and Beijing have all seen significant declines in active and available listings, suggesting the declines are more likely to be permanent.

In the UK, AirDNA says the April closures and subsequent travel restrictions through June “seriously limited” the number of listings available. However, the lists reappeared once the travel bans were lifted.

Outlook

Demand for short-term rentals is expected to show a significant recovery in 2021, according to AirDNA, as vaccines continue to roll out and pent-up demand accelerates bookings globally.

For the foreseeable future, the types of markets that performed best in 2020 will continue to thrive in 2021. Meanwhile, urban locations will likely continue to underperform in the first half of the year.

“The pandemic has radically changed many established Airbnb trends, especially in major Airbnb markets. While the supply changes have varied, for the most part, the changes directly reflect how the nature of COVID-19 has transformed traveler behavior, ”says Jamie Lane, vice president of research at AirDNA.

“As vaccines continue to roll out and pent-up demand accelerates bookings globally, we expect to see supply and growth, especially in the places that performed best in 2020.”


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