COVID-19

Airbnb rebound accelerating

Airbnb bookings in the US were accelerating, according to booking data supplied by AllTheRooms Analytics.

The data showed a broad recovery across a number of Airbnb's key markets in the US. European markets continued to show signs of improvement in some countries.

US 90-day Airbnb occupancy rates, the percentage of nights that properties listed on Airbnb were booked over the next 90 days, reached 17.48% on 8 May, a gain of 7.04% week-on week. The prior week saw a gain of 4.09%.

Despite the rebound, 90-day Airbnb occupancy rates in the US were still down 38.26% compared to 2019.

“The rebound towards 2019 levels of bookings is accelerating, which obviously bodes well for Airbnb – we could be heading back to those levels sooner than we initially thought," said Joseph DiTomaso, CEO, AllTheRooms Analytics. “If this is a sign of what's to come for accommodation bookings as we exit these lockdowns, the fact that OTAs such as Expedia and Booking have missed out on the equity market rebound might not entirely make sense.”