GITNUX MARKETDATA REPORT 2024

Short Term Rental Industry Statistics [Fresh Research]

Statistic 1

"Airbnb accounted for more than 56% of the US short-term rental market in 2020."

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Statistic 2

"More than 50% of property managers in the US are planning to increase their inventory of short-term rentals in 2021."

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Statistic 3

"The Airbnb user base in 2019 reached 60 million, showing the popularity of short term rentals."

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Statistic 4

"In 2021, it’s projected that there will be 297.17 million users of short-term rental services in China."

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Statistic 5

"44% of guests prefer short-term rentals to traditional hotels."

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Statistic 6

"Rentals with a hot tub have a 10% higher occupancy rate."

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Statistic 7

"By 2022, revenue from short-term rentals is expected to reach $194 billion."

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Statistic 8

"The average daily rate for a short-term rental in North America in 2018 was $217."

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Statistic 9

"In 2019, average Airbnb host earnings were $924/month."

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Statistic 10

"66% of guests will pay more for rentals with tech-forward amenities."

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Statistic 11

"Millenials and Gen Z are the leading generations that book home rentals, with approximately 67% of the total bookings."

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Statistic 12

"The average stay in a vacation rental pre-COVID-19 is 6.6 days."

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Statistic 13

"In 2020, the median revenue for full-time rural hosts on Airbnb was about $8,448."

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Statistic 14

"Nearly 90% of vacation rentals will provide a full refund upon cancelation due to the global COVID-19 pandemic."

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Statistic 15

"In 2020, bookings in rural areas grew faster than in urban settings with an increase of 25%."

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Statistic 16

"In 2019 destinations in Asia Pacific recorded the highest growth in short-term rentals, with the sector generating $14.5 billion."

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Statistic 17

"As of January 2021, there were an estimated 5.6 million active Airbnb listings worldwide."

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Statistic 18

"Among the reasons for booking short-term rentals, 37% of U.S. respondents in a recent survey stated that living like a local was a major factor."

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