Airbnb earned $10B last year, more than double pre-pandemic

The company earned $9.9 billion in total revenue for the year, nearly half of which was company profit. That is more than double the total revenue the company earned in 2019, before the pandemic upended travel. Continue reading

Rentals startup Frontdesk lays off all staff after failed funding round

All 200 full-time staff members along with contractors and part-time staff were dismissed during “a two-minute Google Meet call.” Continue reading

Ember moves to allow owners to use shares as short-term rentals

Ember Flex represents a shift for the co-ownership startup, which sells one-eighth shares of luxury homes in vacation markets across the West Coast. Continue reading

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. Continue reading

Short-term rental market balancing out after rush of supply

“Our expectation is that demand will grow at 5.7 percent for the year, about a quarter of the growth rate in 2022,” AirDNA says in its 2022 mid-year outlook. Continue reading

Short-term rental demand might set a record year, AirDNA report says

Demand is up 25 percent despite uptick in occupancy levels. Investors are earning more revenue and adding more supply. Continue reading