Why would Airbnb push for Monthly stays right now Note that the expression “longer-term stays” here may not equate the words “monthly stays”, which could explain some discrepancies in the data.
80% of Airbnb hosts accept longer-term stays,.In late March, Airbnb saw the number of guests booking longer-term stays within their same cities nearly double,.As for the demand, it is not as clear, even if we could below an indication that self-quarantine, work from home and other trends may have created more demand. Some data seem to show that, even before the coronavirus COVID-19 crisis started, Airbnb had a consequent supply of hosts offering monthly stays. In the world of vacation rentals and short-term rentals, stays stretching over a whole Summer had not been unheard of, especially for wealthy guests. Also, Airbnb had created a long-term cancellation policyfor stays of 28 nights or more than hosts could use.Īlso, it has always been possible to set up weekly and monthly discounts on Airbnb, just like on Vrbo/HomeAway. This was to let users find a place to stay between 28 days and 6 months.īut Airbnb did not really a separate page to get its hosts and guests to do monthly stays: Even within the classic Airbnb search pages, it was easy to find long-term stays. Despite its name, this was not about subletting your rental to somebody else. On September 1, 2011, Airbnb had launched a feature called Airbnb Sublets. It’s been possible to book for more than a month on Airbnb (and Vrbo/HomeAway) for years already. Airbnb hosts and guests had already been doing monthly stays for years
So, we’ll be focusing here on Monthly Stays, as there are interesting things for Rental Scale-Up readers to know about them. It’s been a tough week at Airbnb, with the Wall Street Journal painting a story of difficult financial prospects, between high operating and marketing costs, angry hosts, low demand, and expensive new debt. If you took part in the live watching party within our private Facebook group (replay available), you noticed how surprised people were that Monthly Stays did not get mention. Yet, on the same day, Airbnb’s CEO, Brian Chesky, decided to only talk about Online Experiences during his new live stream.
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