Srividya Kalyanaraman travel tips

Skift Analysis: Vacasa‘s debut into the public market in December 2021 had a significant impact on the short-term rental industry. Being one of the largest branded property managers in the U.S., Vacasa plays a crucial role in various aspects of the short-term rental sector and serves as an important indicator for the industry’s overall performance.

If you’ve seen a tweetstorm about the alleged “Airbnb collapse” and are wondering if the data seems too dramatic – you’re not alone, or even wrong. 

If you’ve read the various hot takes on the state of the housing market as indexed by Airbnb revenue, here are a few concerns you can put to rest. What will happen to the housing market in a recession is anybody’s guess, but speaking purely of Airbnb as a stock, the company has a few things going for it.

The short-term rental market in Miami isn’t so hot this summer. And there are a number of reasons for that: A slowing of the post-Covid vacation rush, the Florida government’s hostility toward the LGBTQ community, and travelers’ financial constraints due to inflation are a few contributing factors.

I have covered short-term rentals at Skift for a little over six months now, and in reporting on regulations around the world with its when will the hammer come down conjecture, I figured my time would be well-spent trying to understand some of the incentive behind the intention to regulate.

Taylor Jones, a Florida real estate investor, tells us the key to making money from an Airbnb you invested in is the purchase price for the property — and how much revenue you can extract from the property.

Christian Lee joined Mint House as CEO in March, and 100 days into the role and a year after the company’s $35 million fundraise, Lee has his work cut out for him. But the former WeWork CFO isn’t a stranger to a volatile industry. 

While minding my business on the internet recently, I came across this article that claimed Croatia has set tourism records and this summer is set to break all-time highs. The article in the Dubrovnik Times said by June Croatia had received 6.7 million arrivals and over 27 million nightly stays. 

It’s not very often that I receive pitches that read a short-term rental operator’s portfolio grew 40% in the first half of the year. And so when I learned that limehome added over 1,000 properties to its portfolio this year alone, my eyebrow raised itself. 

What do you do when you’re a short-term rental operator during peak travel season in a busy market with regulatory restrictions?

While reporting on the short-term rental saturation story last week, I got into some data-digging to find out which markets saw the largest increase in available listings. I was specifically interested in available bookable listings, rather than listings or occupancy, because the former is a factor in market saturation, which impacts home prices.

The ‘Airbnbust’ debacle, which saw one short-term rental data vendor showing plunging host revenue way deeper than its peers, went viral.  However, it does call for some introspection and interrogation (on my part) to understand the data I get from different vendors that often is a bedrock for any story. 

San Bernardino County in California is conducting a comprehensive study to evaluate the impact of how short-term rentals affects housing availability in the county. 

The City of Myrtle Beach, South Carolina earlier this week gave its initial approval to a multi-family housing development plan. The proposal entails the annexation and rezoning of approximately 18 acres of land. Presently, the site is designated for commercial projects, but the proposed zoning change would permit a mix of commercial and residential development —  this would include construction of more than 380 housing units, with a portion of them anticipated to be utilized for short-term rentals.

A New York state court judge dismissed an Airbnb lawsuit against New York City, ruling the city had a right to require host registration and licenses, and that it was reasonable to require that Airbnb — and other platforms — verify that listings have licenses, or face penalties.

Luxury vacation homes and villas subscription service Inspirato and Capital One are working on a commercial deal and strategic partnership, and once that has been negotiated, then Capital One Ventures would provide Inspirato with a $25 million convertible note, the companies announced Tuesday.

We’ve been talking a lot about the intersection of real estate and short-term rentals and today we continue to do so with another related topic: 1031 exchanges.

German vacation rental marketplace HomeToGo recorded profits on an adjusted basis for the first time in a second quarter, and the company claims that it got there by improving its marketing spend, growing its subscriptions business for partners, and attracting repeat business.

Regulators have been going after short-term rentals. Now homeowners are fighting back.

Let’s face it: New York is hardly the first city to impose regulations on short-term rentals. Today is the official deadline for hosts to register their listings.

Airbnb has partnered with Sentral Wynwood in Miami, allowing apartment tenants to rent out their units for up to 75 days. When tenants choose to list their apartments, Airbnb will handle pricing, security, access for guests, and cleaning.