Why a Bad Economy is GREAT for Airbnb

527 viewsPublished: January 2, 20248m 58sScore: 78
Pricing & Profitability
intermediate
Profitability
Revenue Management
Market Research
Pricing Strategy
Occupancy

Summary

James Svetec argues that a bad economy can actually be good for Airbnb hosts. People tend to take more 'staycations' and prioritize accommodation with full kitchens, yards, or other amenities during economic downturns. STRs can accommodate larger groups more comfortably, which further drives demand as many families seek affordable alternatives to multiple hotel rooms.

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