Convinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals.
The company said Wednesday, Nov. 16, 2022, that it is rolling out a simpler process of enrolling, with online help from a superhost.
Investors worry that consumers paying more for food, gas and housing — and facing predictions of recession — will cut back on discretionary spending like travel, hurting Airbnb. AirDNA, which tracks short-term-rental numbers, said Airbnb listed nearly 1.4 million rentals in the U.S. in September, a 23% jump from a year earlier and 9% over 2019. Nearly two-thirds were added since 2020. The trends are similar for global listings.
Potential hosts sometimes hesitate, Chesky said, because they are uncomfortable having strangers in their homes. The company's response is to triple the amount of coverage for hosts — from $1 million to $3 million — against damage, including to vehicles, boats and a wider range of art on the property.“Exactly, and home values have increased since we wrote the $1 million plan,” he said.
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