Airbnb Statistics [2023]: User & Market Growth Data (2023)

FAQs

Is Airbnb still profitable in 2023? ›

According to the latest reports, the short-term rental industry will witness unprecedented growth in the coming years. This means that Airbnb rentals will also be profitable and prove to be a good investment for real estate investors.

Airbnb has more than 150 million worldwide users that have booked over 1 billion stays. 6 guests check into an Airbnb listing every single second. The average cost for an Airbnb in North America is $163 per night. Airbnb guests stay an average of 4.3 nights per booking.

The company said it expects average daily rates in the first quarter to be softer than last year, a trend that will continue for the remainder of 2023. Part of that trend can be attributed to the company's pricing transparency and discounts, Airbnb said, which it expects to drive “greater affordability for guests.”

Airbnb has 12.7 million listings as of December 2021, down from 14.1 million listings in 2020. There were on average 8,556,687 active listings (received a booking in the previous 365 days) on Airbnb in 2021. 356.9 million nights were booked on Airbnb during 2021.

Feb 14 (Reuters) - Airbnb Inc on Tuesday forecast that average rates for its rentals would fall slightly in the current quarter and remain pressured through 2023, as vacationers return to lower-cost urban rentals.

Looking ahead, Airbnb has identified three strategic priorities for 2023: making hosting mainstream, perfecting the core service, and building the foundation for future products and services.

The Poconos, Pennsylvania

The Poconos has been rated as one of the most popular Airbnb destinations for a number of years running. One of its major attractions is that it's very accessible to travelers from multiple states which helps to ensure great occupancy rates throughout the year.

Airbnb's growth strategy: Promise & deliver on value for everyone. Airbnb relies on user-generated listings, content from its hosts, and most importantly, upon reviews from both guests and hosts in order to build trust.

Many people saw short-term rentals as a way to make money during the pandemic. Now an oversaturation of hosts has led to more Airbnbs, leading to booking slowdowns in some areas.

What is Airbnb future growth rate? ›

Analyst Future Growth Forecasts

Earnings vs Market: ABNB's earnings (15.8% per year) are forecast to grow faster than the US market (13.7% per year).

Airbnb competitors include websites like Vrbo, Booking.com, Tripadvisor, Agoda, Expedia, TUI Villas, TravelStaytion, HomeToGo, Plum Guide, and Google. Not all of them are vacation rental marketplaces.

The biggest problems Airbnb Hosts deal with? The most common problems vacation rental hosts deal with are regulations, local laws, parties, excessive turnovers, unmanageable guests, not knowing your market and finding better guests.

Florida: Airbnb's Hot Spot

1 with more than 3,400 Airbnb listings per 50,000 people.

Airbnb says that fewer than 0.1% of stays result in a reported safety issue, but with more than 200 million bookings a year, that's still a lot of trips with bad endings. Only the most serious problems are transferred to the internal safety team.

Instead, market analysts say many U.S. Airbnbs are sitting empty because so many wealthier people and investors listed short-term rentals on the site, in the wake of a pandemic-fueled boom. The number of available short-term rental listings in the U.S. skyrocketed to 1.38 million in September.

Find out more about checking the status of your reservation. If your reservation request is declined and the listing for the stay shows that it's still available, the host's calendar may not be up-to-date or they may want reservations of a different length or time.

Vacation rental prices are expected to rise and demand has doubled from 2019-2022 in rural areas and small cities, showing that travelers are taking advantage of growing occupancy rates. While AirDNA predicts slower growth in demand for STR in 2023, a decline will still see demand higher than pre-pandemic levels.

The best marketing strategy in 2023 will be one with integrated video and written content: Pringle adds that websites still need text information but adding video to showcase products (and then having the ability to add to social media) will help marketers expand their reach to a wider audience.

In 2023, I expect a rise in brands looking to establish long-term partnerships with influencers and create content that aligns with their business objectives, values and audience. In today's crowded content landscape, brands can stand out by creating content that is authentic and memorable.

What to expect marketing 2023? ›

In 2023, there's going to be a shift in mindset from technical-based marketing to anticipation marketing. This will enable marketers to anticipate what customers want and then feed it into automation processes. This new mindset will now only make things more efficient but will enable personalization.

Mashvisor is one of the best-performing and most accurate Airbnb analytics tools on the market right now. It is easy to navigate and enables investors to get into the smallest bits and pieces of its investment analysis. The real estate platform's analytics tool can help you estimate your: Airbnb rental income.

In the case of Airbnb, their target market is travelers who are looking for alternative lodging options to traditional hotels. More specifically, they're often looking for a more localized experience. Some tourists want to "live like a local," which is the language Airbnb uses to attract that audience to the platform.

The most popular cities on Airbnb in the world are Tokyo, New York City, and Paris. Airbnb has listings in more than 220 countries and regions. People stay an average of 2.4 times longer in Airbnbs than at hotel stays. The United States alone has 660,000 listings, the highest number of any country in the world.

Since its inception in 2008, Airbnb has grown rapidly and gained market share. Because it provides lodging at lower prices than its competitor Booking.com, Airbnb is in a strong position to weather any economic storm.

Long story short, if you hire out a property management service, a cleaning crew etc then an Airbnb is likely to be a breakeven business, but if you are willing to do some of the work yourself as a side hustle, it can make for some extra spending money during a recession.

According to online data, Airbnb business owners can make close to $100,000 per year, if not more, without owning any properties. From co-hosting to becoming a vacation rental consultant, we've compiled the top 10 ideas on how to make money on Airbnb without acquiring a property.

Is Airbnb growth slowing? ›

For the first quarter of 2023, Airbnb expects to generate revenue of $1.75 billion to $1.82 billion, or a gain of 16% to 21% year over year. That's slower than its 40% growth in 2022.

It then predicted a dip to $139.38 by May 2024, slipping further to $134.24 by May 2025, with a future price of $129.10 by May 2026. The 5 year Airbnb stock outlook put the stock at $122.95. This would represent a modest rise of almost 3% from the current $119.37 level.

And after bolstering its own cash-generating abilities, Airbnb is now well positioned to produce strong returns for its shareholders. Airbnb's stock price is already up nearly 40% in 2023, and more gains likely lie ahead. Here's why you might want to consider buying shares today -- before more bulls come rushing in.

Airbnb has more listings.

When it comes to variety, Airbnb comes out on top. Currently holding 5.6 million worldwide listings, Airbnb provides more opportunities to find a unique reservation versus the 2 million listings on Vrbo.

The Mushroom Dome is the most booked and most wish-listed property on Airbnb's platform, besting 5.6m other listings, including a house shaped like an elephant, a cave in France, and a 12th-century Scottish castle.

Airbnb's biggest assets are the individuals and the hosts who are the key components in the Airbnb process. Airbnb acts as a platform for hosts and travelers. Hosts can put up their property for stay, and if someone wishes to stay there, the hosts get rent in exchange.

Lack of Quality Control. Since Airbnb does not own the properties which it advertises, you can only do so much to ensure quality control amongst its listings. The company has made some efforts to make sure that guests enjoy the very best experience.

Weaknesses: Relying on strangers to host leads to legal violations. Airbnb faces problems stemming from housing laws and regulation violations. Hosts are paid for offering their rooms for a set time. It seems like easy money, and who doesn't want quick cash?

People who list on Airbnb also don't have to pay for the same insurances that hotels do, therefore if anything were to happen Airbnb may not cover guests at all. This also includes theft of cash/valuables from the property, whether it was from the host, other guests or as a result of a break-in.

Where is the best place to set up Airbnb? ›

Locations with tourist attractions such as beaches, mountains, or a national park are typically desirable for Airbnb real estate investing.

Airbnb supply spikes in 2022, saturating market for hosts

Compared with September 2021, the number of available U.S. listings on Airbnb increased by 29 percent, although occupancy rates ticked up less than a percentage point from a year earlier.

Hosts are paid out based on guest stays. Guests often find Airbnb is cheaper, has more character, and is homier than hotels. Risks of hosting include renting your place to rude guests, theft or damaged property, complaints from neighbors, and potential regulatory violations depending on your location.

So until someone stays long enough on your property to be legally deemed a squatter, they're just trespassers or loiterers. They can be removed by law enforcers.

Airbnb listings with 51-100 reviews on average earned $21,569 in the U.S. in 2021, and listings with more than 100 reviews on average earned even more - $23,862 in 2021. Properties with zero or a few reviews tend to make less for their hosts.

Airbnb arbitrage can be extremely profitable if you do your research and find the right strategy. You can earn thousands of dollars in monthly profit depending on your market and how many expenses you have. The average Airbnb listing rents for about $150 per night, which equals $4,500 per month.

It then predicted a dip to $139.38 by May 2024, slipping further to $134.24 by May 2025, with a future price of $129.10 by May 2026. The 5 year Airbnb stock outlook put the stock at $122.95. This would represent a modest rise of almost 3% from the current $119.37 level. The site didn't provide 10-year forecasts.

Airbnb Attains Yearly Profitability for First Time in 2022, Breaking Records With Most Profitable Quarter Ever | Rental Scale-Up.

Airbnb Inc (NASDAQ:ABNB)

The 29 analysts offering 12-month price forecasts for Airbnb Inc have a median target of 140.00, with a high estimate of 165.00 and a low estimate of 98.00. The median estimate represents a +17.78% increase from the last price of 118.87.

I became a multimillionaire through Airbnb and make $600,000 in revenue every month. Here's how I set up my first properties without ever buying or owning them. Chris Choi couldn't afford dental school tuition, so he got started as a host with only $8,000. He now has over 100 listings at just 30 years old.

Will Airbnb continue to grow? ›

Data source: Airbnb. YOY = Year over year. Airbnb management expects the company's revenue to rise 17%-21% year over year in the first quarter of 2023, which surpassed analysts' expectations for 13% growth.

According to data shared by Mashvisor, one of the top Airbnb host calculators, Nashville in Indiana is one of the US cities that offer the highest short-term rental cash on cash returns. Hosts can expect a monthly short-term rental income of about $5,000, with daily rates averaging at $260.

Binance Coin (BNB) price is expected to reach $2,775.38 by 2030.

BNB price prediction March 2030: BNB's price for March 2030 according to our analysis should range between $1515.37 to $1743.49 and the average price of BNB should be around $1629.43.

Instead, market analysts say many U.S. Airbnbs are sitting empty because so many wealthier people and investors listed short-term rentals on the site, in the wake of a pandemic-fueled boom. The number of available short-term rental listings in the U.S. skyrocketed to 1.38 million in September.

Airbnb competitors include websites like Vrbo, Booking.com, Tripadvisor, Agoda, Expedia, TUI Villas, TravelStaytion, HomeToGo, Plum Guide, and Google. Not all of them are vacation rental marketplaces.

ABNB Stock 12 Months Forecast

Based on 33 Wall Street analysts offering 12 month price targets for Airbnb in the last 3 months. The average price target is $141.64 with a high forecast of $185.00 and a low forecast of $98.00.

The second platform predicts that $255.9 will be Airbnb's maximum price for 2024, and the minimum price will be $209.4.