'I think the psychological impact of being locked down for some portion of the pandemic has only accelerated the trend that had already started,' Marriott International ( MAR) CEO Anthony Capuano told Yahoo Finance Live after the company's fourth-quarter earnings results showed the average room rates up 13% and revenue earned per average room jumping 29% year over year.Īirbnb posted revenue of $1.9 billion in the fourth quarter, better than analyst expectations for revenues of $1.86 billion. While some Airbnb hosts may not be feeling the full benefits, there is little doubt travel demand is back in full swing.ĭespite sticky inflation, consumers are booking trips: Data from a Bank of America Institute survey shows money spent on airline travel per household jumped 3.5% in January while international spending also increased compared to two years ago. REUTERS/Gabrielle Lurie Travel bounces back

'We continue to invest in the success of our Host community and in the coming months will release new pricing tools to help them set competitive prices.'Ī woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. 'In 2022, we saw new heights in demand on the Airbnb platform and the result is continued growth in typical Host income, which was over $14,000 in the US,' Sam Randall, a representative for Airbnb, told Yahoo Finance in a statement. Kenworthy said he ended up cutting his listing prices by 50%: The going-rate for one of his rental properties went for $450-$600 a night that weekend after he'd been anticipating a rate closer to $1,000 a night given the demand generally created by an event like the Super Bowl. 'We ended up at, let's just assume midday Saturday before the Super Bowl, close to 90% booked for all of our properties,' Kenworthy told Yahoo Finance, later adding: 'Some key markets are experiencing quite a bit of saturation.' Ric Kenworthy, who manages 96 short-rental property listings through a company, Old Town Rental, in Arizona, was scrambling to fill unbooked units ahead of last month's Super Bowl in Glendale. But the sentiment shift came as something of a surprise to hosts and managers using the home-booking platform who say they are finding it harder and harder to book guests.

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