The home rental platform experienced huge demand for its bookings amid the pandemic, seeing an average 32% week-over-week growth from April 27 to the beginning to June, Edison Trends reports.
Bookings on Airbnb, which filed to go public in August, dramatically declined during the pandemic, like hotels Marriot and Hilton, according to the report. However, Airbnb’s bookings dropped the smallest percentage at 56% compared to Marriot at 75%, and also experienced the fastest bounce back.
Its recent performance is not only outperforming other vacation options, like hotels or other home rental apps, but it is also up year-over-year, hitting new highs.
“Airbnb spending in July was up 22% over the previous July, and spending the week of August 17 was 75% higher than the equivalent week in 2019,” the report shared.
The rental company has seen an increase in demands for long-stay rentals and “staycations,” according to Ediston Trends. THe demand suggests people are using Airbnb as either as office options or taking advantage of the ability to work from home in a potentially nicer home, or nicer location.
Need an Experienced, Sophisticated and Affordable Photographer in Dubai and the UAE?
Louie is one of the pioneer photographers for Holiday Homes in Dubai and the United Arab Emirates. He has shot more than 500 properties as of this writing and counting. He also offers his services in other categories of Photography such as Event, Product, Food, Portrait, Fashion, Sport, Concert and Landscape.
He is also a Graphic and Web Designer by profession. He has traveled to different states in the United States in the past as part of his managerial role in the Philippines. Motion Graphics and Video Editing were also part of his regular work and have completed some short film projects.
Get in touch now now to discuss your requirements.