A certain type of vacation home is struggling to stay booked this summer: the outdated, mid-tier listings on Airbnb and Vrbo
A certain type of rental is struggling on Airbnb and Vrbo this summer, managers of multiple listings told Insider.
Maybe the furniture is outdated or the amenities are limited — just a pool, but no hot tub — and the host is stubborn on what the price should be.Hosts' revenue is expected to decline on average this year for the first time since the pandemic,. Likewise, average occupancy rates — how many nights an Airbnb is booked per month — are also forecasted to fall slightly, to 56% from 58%.
Five of Kenworthy's listings fall in this luxury tier. They have infinity pools, bocce set-ups, pickleball courts, and cost up to $800 per night. Kenworthy said these properties have been 80% booked this summer, running higher than the projected average of 56%. A five-bedroom luxury lake house she manages comes with a game room, hot tub, and dreamy views of the water. It currently rents for $600 per night, and Mead said it's already booked for every weekend this summer.
In Phoenix, that means"crisp black and white modern" or"Spanish hacienda style." Drab, outdated interiors are getting passed over, he added.
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