Airbnb and Vrbo owners should brace for 2023. There's more competition than ever and hosts will have to work harder to stay booked.

Dec 12 2022 by Business Insider

 

Gatlinburg, Tennessee has seen explosive growth in short-term rental listings since the beginning of the pandemic, according to AirDNA.

wbritten/Getty Images

Short-term rental owners will see a drop in occupancy rates in 2023, one forecast shows. But demand for travel will remain strong, even in the face of a possible recession. The occupancy drop will hit hardest for coastal, mountain, and rural destinations.

Economist Jamie Lane says that if Airbnb or Vrbo hosts over the past two years were...

Continue Reading Airbnb and Vrbo owners should brace for 2023. There's more competition than ever and hosts will have to work harder to stay booked.