Are people switching back to hotels from Airbnb? Today, we hear from the owners.

An internet user asked, “People who own Airbnb, has revenue gone down? I keep reading stories of how people are fed up with the fees so they are choosing hotels and with increased interest rates and layoffs, people may have reduced disposable income. Has your revenue changed at all?”.

Here are the top responses.

Airbnb As A Company Is Doing Really Well

Portrait amazed afro man with shocked face. Studio shot, isolated on gray background
Image Credits: Deposit Photos

“I think Airbnb as a company is doing really well.

We have two units and it’s almost the same as last year in Maui. It’s still a great deal here compared to hotels.”

Down By 30-40%

Man in pain holding hands on his head
Image Credits: Deposit Photos

“Down about 30-40% from last year.”

So Down That They’re Now Transformed Into Rentals

Middle age man wearing business suit making fish face with lips, crazy and comical gesture. funny expression.
Image Credits: Deposit Photos

“I had 6 Airbnb and made them all long-term rentals. Best decision ever.”

Very Down In Phoenix

Young caucasian woman wearing pink sweater over isolated background crazy and mad shouting and yelling with aggressive expression and arms raised. frustration concept.
Image Credits: Deposit Photos

“Very down in Phoenix. Probably about 10-20% in my full-size listings and 30%+ in ADUs (which is the most saturated segment).

The changes to the cost side (for a brand new Airbnb) are way worse than the revenue decline. Property pricing and interest rates make the monthly costs several hundred per cent higher than 1+ year ago so that’s a way bigger factor in the profitability formula.

What’s crazy is that people are still posting non-stop asking how to *start* a *new* Airbnb… I compared this to the Eternal September phase of Uber and wrote a post about this.”

It’s Fully Booked

3. women with money
Image Credits: ViDI Studio, Shutterstock

“I don’t charge cleaning fees and my price-quality ratio is better than hotels. I’m fully booked.”

It Depends

Image Credit: Cookie Studio, Shutterstock

“A buddy on the NJ shore is down a lot this year, lots of open weeks this summer vs last summer was fully booked. Know someone else with a house in Hilton Head Island and they’re fully booked through New Year’s and charging 15%-25% more than 2022.”

Business Is Slow Around Vermont

unsatisfied woman shows thumbs down and looking at camera. portrait of emotional cute, beautiful woman with makeup and long hair in pink dress, studio shot isolated on light brown or beige background
Image Credits: Deposit Photos

“Yup, business is down. Anecdotally, seems to be slow all over the Vermont town where the house is.”

This Year Has Been Unnaturally Slow

wtf money woman frugal
Image Credits: Kues, Shutterstock

“We run two little Airbnb. This year has been unnaturally slow.

As far as I know, all pricing and fees have remained the same as before.

We’re not too sure why it’s so slow but are guessing that people are finally fully comfortable traveling again after covid. Seems like small-town getaways like ours were more popular when the pandemic had a lot of world travel messed up.”

Per Listing Revenue Is Down

Image Credits: frantic00, Shutterstock

“Yes sir. Supply is still outpacing demand. Per the listing, revenue is down even though overall STR revenue is still growing.”

My Revenue Is Up

Young woman over isolated background taking a lot of money
Image Credits: Deposit Photos

“My revenue is up as this is our second year and we had bookings in June this year and didn’t start until July last year. That said we are full all summer and filling up at times this fall and next summer.

We also don’t charge a fortune to rent our beach house so it might be that we are underpriced and therefore renting out a lot.”

It’s Down Pretty Considerably

Image Credits: Deposit Photos

“My revenue is down pretty considerably compared to last year. I think it has mostly to do with my market being over-saturated and people feeling more comfortable staying in hotels.”

It Depends On The Level Of Market Over-Saturation

portrait of handsome young asian man dobting
Image Credit; Deposit Photos

“No. It depends on how over-saturated the market is and what the competition is. My Airbnb is a unique 5 bed in a coastal community that doesn’t have many hotels, so everyone who visits pretty much Airbnb and there’s not as much competition at 5 bedrooms.

I know people with 2 or 3 bedrooms and their revenue has gone down from over-saturation of the market. I also know people who have them where I live and theirs has gone down because there’s a million hotels and alternatives.”

Maybe 15% Down

Young russian woman isolated on white background confused and doubtful shrugging shoulders to hold a copy space.
Image Credits: Deposit Photos.

“Yes, maybe 15% down. I attribute it to over-saturation in my area – but I’m not worried, my mortgage is $180 a month so I can weather the storm for a long long time. Still very profitable.”

Gone Down Slightly

Worried business woman sitting behind the desk with empty wallet.
Image Credits: Deposit Photos

“My revenue has gone down slightly but I think the economic downturn is probably hitting the entire industry.”

35% Decline YoY

Worried, sad business woman sitting by the table. Isolated on white.
Image Credit; Deposit Photos

“I have a property in Houston and it’s down significantly (35% decline YoY).”

Not Much

Frustrated young girl shrugging shoulders isolated over gray background. I do not know where to spend her vacation, what destination to choose.
Image Credits: Deposit Photos.

“Down a little but not much. In our areas, we are tracking fewer units in Airbnb from last summer.”

More From Mrs Daaku Studio

Image Credits: Artazum, Shutterstock

Thrift stores and goodwill stores are great, but there are many weird instances of people finding things. Read – Goodwill Workers Share 16 “Weirdest” Things They’ve Ever Found, It’s Hilarious!

15 Jobs That Employers Are Finding IMPOSSIBLE To Fill

Image Credits: Roman Samborskyi, Shutterstock

Wondering what jobs are available to you? Read 15 Jobs That Employer’s Are Finding IMPOSSIBLE To Fill. Grab Them Now!

11 Celebrities Who Are So Creepy That They’ll Give You the Heebie-Jeebies

disgusted woman
Image Credits:, Shutterstock

Read about the celebrities who are so weird it will give you heebie-jeebies.

15 Telltale Signs Someone Is Stupid

Portrait of an annoyed woman
Image Credit; Deposit Photos

15 Telltale Signs Someone Is “STUPID” Check out all the signs.

20 Jobs That You Should Never Do No Matter How Much They Pay

angry hatred
Image Credits: Roman Samborskyi, Shutterstock

Not all jobs are great, check this out. 20 Jobs That You Should Never Do, No Matter How Much They Pay. They’re Evil.This article was originally published on Mrs Daaku Studio.

Similar Posts