Global rental bookings jump by 127 per cent with surge in domestic tourism
Worldwide: Vacation rental data firm AirDNA has released its latest report which details how the short-term rental industry is beginning to bounce back to pre-COVID levels, including a sharp 127 per cent climb in new bookings made on Airbnb and Vrbo in a six-week sprint across the globe as travellers see a light at the […]
Expedia Group pledges $275m to COVID recovery
US: Expedia Group has promised to provide $275 million to help its partners recover from the global pandemic. Approximately $250 million of this will go to the company’s various lodging partners, primarily in the form of marketing credits and financial relief, with the remainder supporting destinations, the industry at large, and additional partner efforts. Each […]
What is fuelling American optimism over a vacation rental recovery?
US: After months of lockdown, travellers’ sense of optimism and wanderlust is surging, which is being reflected by spikes in demand for vacation rentals in markets across the United States. The situation is all the more surprising in the country given 40 million Americans [at last count] are now facing redundancy and impending unemployment. The […]
UK vacation rental bookings spike 716 per cent between April and May
UK: Data from online booking platform eviivo has shown that bookings for vacation rentals between 1 April 2020 and 6 May 2020 are three times more than hotel bookings for the same period. Overall, there has been a three-fold increase (276 per cent) in the number of holiday bookings between April and May, with nearly 60 per […]