They need hosts to succeed and they need hosts to succeed through long-term rentals- smart hosts will jump onboard the long-term wave and ride it all the way through this pandemic if not beyond. Airbnb changed the short-term rental market and now the longer-term stays market is ripe for a makeover.”Īirbnb’s biggest fear is that hosts will become insolvent, sell their properties, and buyers will be unwilling to pursue the Short-Term rental model. This isn’t speculation- it’s exactly what an Airbnb spokesperson told The Telegraph, “Before Airbnb existed, short-term rentals were found on a patchwork of local websites. Airbnb knows it’s difficult to win back the loyalty of hosts once they’ve left the platform so they’re taking immediate measures to push into the long-term rental space. This exodus of hosts are seeking refuge in long-term rentals, currently offered on platforms such as Rightmove, Zoopla, and Furnished Finder.
It’s no surprise that Airbnb will soon begin focusing on long-term rentals: they’re following the lead of hosts who are doing everything they can to prevent from defaulting on their mortgages and violating their leases by way of non-payment.
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