Airbnb Occupancy Rates Rebound from March Coronavirus Lows in States Where Lockdowns are Ending

NEW YORK, May 6, 2020 /PRNewswire/ -- Airbnb booking levels are rebounding from coronavirus lows in a number of states that ended their lockdowns, according to new data provided by AllTheRooms Analytics, a provider of short-term rental and Airbnb data and analytics.

States Ending Lockdowns See Rebound

Texas, Colorado, Tennessee, and Alabama all ended lockdown policies in late April and have seen significant increases in 30-day occupancy rates, a measure of the percentage of properties listed on Airbnb that are booked over the next 30 days, from the March lows.

Texas Airbnb 30-day occupancy rates reached 18.9% as of April 30^th, a 18.6% increase from the 15.9% low on March 22^nd. However, this still represents a 33.8% drop year-on-year.

Colorado Airbnb 30-day occupancy rates hit 25.7% on April 30^th, a 22.8% increase from the March 16^th low of 21.0%, and a 5.0% increase year-on-year.

Tennessee Airbnb 30-day occupancy rates climbed to 20.3% on April 30^th, a 38.1% increase from the low, which was 14.7% on March 23^nd, but still a 44.5% decline year-on-year. 

Alabama Airbnb 30-day occupancy rates reached 27.0% on April 30^th, a 41.4% increase from the March 23^nd low of 19.1%, but nevertheless a 26.9% drop year-on-year. 

No Rebound Visible For States Still in Lockdown

For states still in lockdown however, the rebound still remains elusive.

New York Airbnb 30-day occupancy rates hit 17.8% on April 30^th, with no significant improvement compared to March levels. This represents a 41.7% decline year-on-year. 

California Airbnb 30-day occupancy rates were at 18.7% on April 30^th , again little changed from March levels and representing a 35.9% year-on-year drop. 

Washington Airbnb 30-day occupancy rates were at 22.4% on April 30^th, with no significant change from March levels and showing a 31.5% decline year-on-year. 

Connecticut Airbnb 30-day occupancy rates were at 27.1% on April 30^th, little changed from March levels and representing a 3.2% year-on-year decline.  

"These numbers give some room for optimism" said Joseph DiTomaso, CEO of AllTheRooms Analytics. "If the US can reopen without having to revert to lockdowns in Airbnb's core US and European markets, then we might see a decent recovery in 2020 for Airbnb bookings, and accommodations more broadly", he added.

CONTACT: Steven Jankowski, [email protected]

SOURCE AllTheRooms Analytics, Inc.

Related Links

https://www.alltherooms.com/analytics

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