Tens of thousands of Airbnb listings will be outlawed in NYC next week
Local Law 18, which requires short-term rental owners to register with the city, could siphon tens of millions of dollars in revenue from Airbnb when it goes into effect on Sept. 5 in New York City
by Taylor Anderson Aug 29
Vrbo bookings suffer in Q2 as more travelers opt for hotels in 2023
The popular vacation-rental platform dragged down the results of its parent company Expedia Group in the second quarter of the year, according to an earnings call Thursday
by Daniel Houston Aug 3
Vrbo parent Expedia Group posts Q1 revenue gains as losses widen
Despite reporting its highest-ever first-quarter revenue, Vrbo parent Expedia Group reported losing $145M in the first 3 months of the year, according to an earnings call on Thursday afternoon
by Taylor Anderson May 4
Zumper launches dedicated vacation site, flex stays subscription
The launch comes 7 months after the rental marketplace announced a $30M funding round to help solidify its space in the short-term rental market and serve all types of renters
by Lillian Dickerson Mar 22
With $4M seed round, Rove launches property marketplace
The 'remote work-friendly property brand' is in beta with a property sales portal, a marketplace, for selling short-term rental properties. Each listing’s financial filings are provided in full detail
by Craig C. Rowe Dec 29
Real estate investing in 2022: Where is the roller coaster headed?
‘It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.’ Many investors had a pleasant ride in 2022. But the ride might come to an end.
by Taylor Anderson Dec 27
The pandemic party for short-term rental investors is ending
It may not be an ‘Airbnbust,’ but homeowners who rent their properties on platforms like Airbnb and Vrbo stand to see occupancy rates fall and revenue slow in 2023, according to AirDNA
by Taylor Anderson Dec 13
Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14
Vrbo bookings grew in Q3 amid surge in short-term rental demand
Traveler bookings rose 12.5%, to $1.8B, in the third quarter compared to the same period a year earlier, according to an earnings call by parent company Expedia Group on Thursday
by Taylor Anderson Nov 3
Real estate companies are about to tell us just how bad the downturn is
Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market
by Jim Dalrymple II Nov 2
How Airbnb investors can minimize risks when buying properties
Changes to HOA rules or city regulations can pose a fatal risk, short-term rental investors say. Here’s how buyers and brokers can minimize revenue risks when targeting short-term rentals
by Taylor Anderson Oct 31
Short-term rental supply is outpacing demand as listings soar
Homeowners are bringing short-term rentals online faster than guests can book them, even as demand for short-term rentals is booming. It's presenting a new headwind for investors looking to cash in
by Taylor Anderson Sep 22
Arizona town to homeowners: We'll pay you not to rent on Airbnb
The offer to pay up to $10,000 to homeowners comes as lower wage workers in Sedona, Arizona, fail to find housing options they can afford near the businesses that keep the town moving
by Taylor Anderson Aug 23
In earnings twist, most real estate companies avoided the worst in Q2
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
by Jim Dalrymple II Aug 8
Vrbo traveler deposits fuel strong returns for Expedia in Q2 earnings
Despite new COVID variants posing an ever-present threat and an uncertain global economy, traveler deposits for Vrbo bookings hit $2.8B as of June 30, up from $1.7B at the end of 2021