Constantly shifting quarantining rules, mandatory mask wearing on airplanes and social distancing have left many asking whether the European summer vacation ritual will take a breather this year. With airlines such as American announcing increasing demand and air prices severely depressed it looks like summer is still on the calendar, although it’s going to be anything but normal.
Airbnb bookings in the U.S. are rebounding at an accelerating rate, implying a possible V-shaped recovery for short-term rental bookings, and potentially the accommodations industry and even the wider economy.
Airbnb hosts in Texas are seeing a rebound in bookings and occupancy, according to new data provided by AllTheRooms Analytics, a provider of short-term rental and Airbnb data and analytics.
Texas Airbnb 30-day occupancy rates, a measure of the percentage of properties listed on Airbnb that are booked over the next 30 days, reached 18.9% on the 30th of April.
This represents a 19% increase from the lowest point, which was recorded as 15.9% on the 22nd March; 9 days after Governor Greg Abbott declared a state of disaster on March 13th.
The objective of this report is to provide an update on the situation in Asia from the previous report and analyze how the coronavirus impact on the short-term rental market has evolved in these areas. Additionally, we aim to demonstrate the impact in the more severely affected countries in Europe and various states around the United States, as both the number of cases and fear of travel have begun to impact vacation rental markets all around the globe.
