Jared Tye's home in Cross Roads, Texas, which he rents on Airbnb, has made $5,000 less in 2022 than in 2021.

Jared Tye

Jared Tye converted his long-term rental in Cross Roads, Texas, to an Airbnb in 2021. In 2021, his property made $62,000 with 181 nights booked, but revenue dropped over $5,000 in 2022. He talked to Insider about the increased competition he's observing and his outlook for next year.

This as-told-to essay is based on a conversation with Jared Tye, 41, about his...

Continue Reading I'm a 41-year-old Airbnb host whose revenue fell nearly 10% this year, and I plan to keep dropping my nightly rates as competition from other hosts heats up in 2023