International Travel Ban to US Will Be Lifted in November
Summary
The US is lifting its international travel ban in November, which could lead to a spike in demand for US-based short-term rentals, especially in urban areas. This could mean increased occupancy and potentially a shift in pricing strategies for hosts. Hosts should monitor demand and adjust pricing accordingly.
Key Insights
- •AirDNA's stats showed North America down just 2% in STR demand in August 2021 compared to August 2019, while Europe was down 25%.
- •Urban areas are likely to benefit most from the lifting of the travel ban.
- •The lifting of the travel ban could cause a spike in travel to the US, particularly from the EU and China, which are huge markets for Airbnb hosts in the US.
Action Items
- ✓Monitor demand and adjust pricing strategies to capitalize on the potential increase in bookings.Effort: mediumImpact: medium
Tools & Resources
- →AirDNA: The article mentions an AirDNA report.
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