Hungary

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 […]

Vrbo reversed its longstanding guest-refund policy for the wildfires in Maui – for the first time, guests would be entitled to full refunds. But that won’t be the case with Hurricane/Tropical Storm Hilary, which this week ripped through Baja California, Mexico, and then turned to Southern California and elsewhere in the U.S. Southwest. A Vrbo […]

Hungary’s short-term rental hosts who offer their properties on Amsterdam-based Booking.com haven’t been paid for several months, leaving some having to decide whether they’ll need to shutter their businesses, according to published reports. Among the latest developments, regulatory authorities in Hungary initiated a complaint process against Booking, charging that a majority of hosts in the country haven’t […]

The DJIA ended the day down 58 points while Nasdaq was up 46, the S&P 500rose 6 points and the 10-year treasury yield was flat at 3.98%. Lodging stocks were modestly higher. The only mover of note was MCG, up 18%. Membership Collective Group reported strong 4Q results, a profitable quarter, today. In the earnings report they disclosed they would be changing their […]