In April, Brian Chesky, the chief executive of Airbnb, told CNBC that the company needed millions of new hosts to keep up with demand.īut the local housing market in Big Bear City, where the Vorspans were, was exploding, with new homeowners and, consequently, new vacation rentals flooding the area. As of May 2021, around 52,000 new units had been added to Airbnb and VRBO, about 10 percent fewer than a typical year during the same period, according to AirDNA, a data analysis company. Holiday weekends are especially tight, with Airbnb searches for the Fourth of July weekend up 57 percent from 2019, according to the company.Īll this demand comes at a time when there are fewer rentals to be had. In Cape Cod and on the Jersey Shore, 90 percent of VRBO listings were already gone by the end of March. ![]() As the country opens up after almost a year and a half of pandemic lockdowns and restrictions, many travelers are choosing to stay in rented homes instead of hotels as a way to maintain a safer bubble, turning the summer of 2021 into a bonanza for homeowners in resort areas.
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