Anytime we discuss Airbnb, VRBO, or vacation rental properties in general, people have varying yet visceral reactions. Some dream of one day earning passive income by owning and leasing their own property, while others have called out the industry and hosts for buying up houses during ongoing housing crises.
According to numbers pulled by Nick from vacation rental insight provider All the Rooms, cities like Phoenix and Austin saw a nearly 50% drop in revenue between May 2023 and the previous year. And popular vacation spots were hit as well, with Orlando and Panama City seeing about a 35% decline.
BuzzFeed has reached out to All the Rooms for comment. We'll update you if a representative responds.
When reaching out to Airbnb about the numbers, a spokesperson told BuzzFeed, "The data is not consistent with our own data. As we said during our Q1 earnings, more guests are traveling on Airbnb than ever before, with Nights and Experiences Booked growing 19% in Q1 2023 compared to a year ago."
So while revenue may be down, overall interest from consumers remains nearly the same.
What do you think about vacation rentals? Let us know in the comments.