'I started to notice about a year ago there was an uptick in people saying, 'Hey, I'm picking up this extra property in Broken Bow, Oklahoma,'' Nixon said. In addition to monitoring the Facebook group, Nixon has observed how short-term-rental investors near her in Texas are behaving. Over the past two years, many people decided to invest into short-term rentals in search of so-called ' passive income,' a concept describing making additional money from side hustles with little-to-no effort.ĭuring the period of historically low interest rates in 2021, thanks to the Federal Reserve's standard, many buyers felt emboldened to invest in homes for the sole purpose of listing them on Airbnb - a tactic that has been effective for some.

The number of available Airbnb listings grew to 1.38 million in August 2022, up from about 1.07 million year-over-year, according to AirDNA. Of the 1.2 million Airbnb listings in the US, 62% have been added since 2020, according to a chart that Jamie Lane, the vice president of research at the short-term-rental analytics firm AirDNA, tweeted on October 18. Nixon told Insider the slowdowns hosts have been seeing in recent years come from one main source: too much supply. Airbnb also announced Monday efforts to be more transparent in pricing, allowing guests to see the total cost of a stay, including cleaning fees, and launching a tool to help hosts price their units more competitively. The $60 billion company posted a record $2.88 billion in revenue and $1.2 billion in profit in its third-quarter earnings call on Tuesday. Nixon, a stay-at-home mom with an economics degree who has worked in journalism, added the caption: 'The Airbnbust is upon us,' in a post that has since garnered 53,000 likes.Īirbnb, however, is experiencing no such bust. Prompting a recent flurry of online discussion over the term, Amy Nixon, a resident of Dallas-Fort Worth, Texas, screenshotted two Facebook comments from hosts asking if others were experiencing slowdowns in bookings and tweeted them on October 16.

The phrase has grown in popularity on Twitter, YouTube, and Reddit. Airbnb hosts in certain areas are experiencing booking slowdowns that some people are calling an 'Airbnbust.'

Church's experience highlights how the lofty expectations of short-term-rental owners may be coming back to Earth.

Short term rentals airbnb