The Short-Term Rental Correction in the U.S. Was Sharp
- RevPAR falls 17% in the U.S.
- Booking Holdings’ Oversight in Hungary
- Vacasa’s Reverse Stock-Split
This is not a story of “Airbnbust,” but instead we’re talking about a correction of the “Airbnboom” that has taken place since the highs of the pandemic. In its latest report, data company KeyData found that the U.S. short-term rental market saw a revenue (RevPAR) drop of 17%. During June, July, and August, analysts observed […]