Airbnb’s Strong Q3, Sonder Collapses, and Instacart Tests STR Market
Summary
This week's roundup highlights Airbnb's strong financial performance, Sonder's bankruptcy, and Instacart's new partnership with Airbnb. Hosts should take note of the evolving market and consider how they can capitalize on opportunities like Instacart's grocery delivery service or the potential in rural Spanish markets.
Key Insights
- •Kansas City approved temporary 90-day permits for STRs during major events with a lower registration fee.
- •Airbnb reported a 10 percent year-over-year increase in revenue and more than $2 billion in adjusted EBITDA, showing strong growth.
- •Airbnb is shifting its focus to rural destinations in Spain, investing roughly $50 million over the next three years.
Action Items
- ✓Consider how you can integrate the new Instacart grocery delivery service into your guest experience.Effort: lowImpact: medium
- ✓If you operate in Kansas City, research the specifics of the new temporary permit process to ensure compliance.Effort: lowImpact: medium
Common Mistakes
- ⚠Hosts in Kansas City who fail to obtain the correct permits during major events risk fines and penalties.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM