The online shared accommodation space has seen a recent resurgence of activity, with local governments and businesses having to respond to the growth of Airbnb and similar services. Though the sector has seen a tremendous increase in activity over the past several years, there have been some noticeable drops in the number of listings due to the impact of the pandemic.
Recently, a tweet went viral that proclaimed the ‘crashing’ of the short-term rental market due to the pandemic, claiming it would have a significant impact on inventory. However, an in-depth analysis of the sector reveals that the reality of the situation is more complex. While the pandemic has indeed had a noticeable impact on the sector, the ‘crashing’ of the market is certainly an overstatement.
In summation:
•The shared accommodation space has grown quickly in recent years
•The pandemic has led to a drop in listings
•A recent viral tweet suggested that the entire market was ‘crashing’
•The reality of the situation is more complex than that
You can read this full article at: https://www.housingwire.com/articles/datadigest-inventory-and-the-purported-airbnb-crash/(subscription required)
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