Skip to content

Search

Latest Stories

Survey finds Airbnb owners are concerned about surviving the COVID-19 pandemic

Stay-sharing hosts have lost an average of $4,036 since the downturn stated in March

PRIOR TO THE COVID-19 pandemic, traditional hotels in the U.S. were very concerned about competition from newcomer Airbnb. Now, both forms of lodging are in the same boat, trying to stay afloat in an industry rocking storm, according to a survey of Airbnb owners by Investment Property Exchange Services (IPX 1031).

The survey of owners found hosts have lost an average of $4,036 each since the COVID-19 pandemic began and they expect to lose more over the summer. Also, 47 percent of respondents said they don’t feel safe renting to guests while 70 percent of guests are fearful to stay at an Airbnb right now.


“These revenue losses have led 41 percent of hosts to supplement their income with another job or revenue stream for the time being,” the IPX 1031 report said. “Hosts have also gotten creative with their properties with 47 percent offering month-long stay options and 29 percent listing their properties at reduced prices to front-line personnel such as medical professionals who are traveling during this time.”

The report also said some Airbnb have listed their properties on rental markets such as Zillow and Apartments.com for limited leases to create consistent revenue.

Other findings include:

  • 64 percent of guests either have cancelled or will cancel an Airbnb booking since the pandemic started.
  • Airbnb hosts expect a 44 percent decrease in revenue this summer between June and August. Hosts have dropped their daily rates as much as $90 on average.
  • 45 percent of hosts said they will not be able to sustain operating costs if the pandemic lasts another six months.
  • 16 percent have already missed or delayed a mortgage payment on one or more of their properties.

There will come a time when the pandemic ends, however, and 37 percent of owners believe guests will return this fall.

“But guests appear to be a little more eager to book. According to respondents, 26 percent said they’ll feel safe booking again this summer, which could be good news for hosts who look to recoup lost revenue from the spring,” the report said. “In the meantime, [30 percent of] guests are taking advantage of Airbnb’s virtual experiences, which are online activities led by Airbnb hosts that include everything from online cooking classes to dancing lessons.”

The traditional hotel industry has long been concerned with the threat from Airbnb and similar platforms, pressing local and state governments to do more to regulate the stay-sharing industry. The hospitality industry also has suffered in the pandemic, with occupancy dropping substantially since March and with it revenue and profit.

More for you

Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less