Is the Airbnb Revenue Collapse Real? And Will Boutique Hotels Be The Next Big Thing? | E61

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 29 June 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, Rich is doing a deep dive into the current “Airbnb Revenue Collapse” that’s been sweeping the internet and social media. He challenges the questions – Is it real? Where did these facts come from? Is it the best time to get into this asset class? He pulls up some live data to compare the actual numbers with those that are being posted online, and also gives the listeners some key tips for doing their own research in order to find successful short-term rentals. --Connec...

Transcript

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0:00.0	because of the saturation we're going to start to see less people enter the market and I think we're going to see the bottom feeder hosts the top you know the bottom 25 to 30%
0:10.7	Host I think we're going to see them fall out and you know that's good. I think that's good for supply. I think the supply
0:16.0	short term rentals will will slowly go down but I also think it's bodes well for boutique
0:20.8	hotels. Welcome to the Rich Drummers report where we talk real estate, business, and wealth building
0:27.0	all while keeping it real.
0:28.0	No fluff, no BS.
0:30.0	I hope that you enjoy the show. All right guys, welcome to another episode of the report.
0:40.0	Today I'm Roland Solo which is going to be myself and we are going to talk about what's been going on in the headlines.
0:46.0	I'm seeing it all over social media. A lot of people are posting about it.
0:50.0	All the news channels are discussing it it but the headlines are saying the
0:54.8	Airbnb collapse is real revenues are down nearly 50% in cities like Phoenix
1:00.4	cities like Austin they're saying watch out for a wave of forced selling from
1:05.6	Airbnb owners later this year and areas hit hardest by the revenue collapse.
1:10.8	Other cities in this top list are Severeville, Tennessee, Myrtle Beach, South Carolina, San Antonio, Texas, Asheville, North Carolina, Nashville, Tennessee, Denver, Colorado to name a few, even Orlando, Florida also on
1:26.7	this list.
1:27.7	Showing year over year from May of 22 to May of 23, a decline between 34% all the way up to 47% in year over year revenue per
1:38.8	available listing.
1:40.5	So I want to do a little deep dive and see is this are these numbers accurate
1:45.6	where is this data being pulled from and also I want to you know see is this the right time to get in the Airbnb or is this the right time to make
1:55.3	a pivot and maybe get into something that a lot of people are not talking about right now, which I believe is going to be the
2:01.2	next big thing. So with that, I pulled up a lot of air DNA data.
2:06.2	We use air DNA to source a lot of the deals, not just boutique hotels,
	...

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