The Impact of the Coronavirus | Global Short-Term Rental Markets – PART 2

Are People Still Booking Travel?

In order to determine real-time demand for worldwide vacation rentals, we’ll need to hone in on the number of reservations that are currently being made. Here’s a chart that shows the number of reservations made in a selection of hand-picked cities over the course of the last two months. Feel free to toggle between different cities to see how they line up.

Throughout the first two months of 2020, daily reservations have slid significantly in many Asian cities. The negative trajectory hasn’t been as pronounced in other cities around the world, but much may change in the months to come.

Here are the changes in weekly bookings between the beginning of the year and the beginning of March:


Urban Markets Face Far Higher Risk Than Leisure Destinations

When looking at the data, it becomes clear that there’s a regionality aspect of the virus’s impact. That is, urban cities seem to be significantly more exposed to fluctuations than their traditional leisure travel/resort-based counterparts.

In the chart below, we’ve mapped out the number of properties reserved in Europe over time. When segmenting between the two region types, the outlook for urban markets looks a bit worse for wear.

That being said, this chart also highlights the strength and resilience of leisure travel destination markets. Vacations to these spots are often booked well in advance and travellers face far less risk than they do in urban hotbeds. In effect, leisure travel destinations find themselves less affected.

Coronavirus Vs global short-term rental markets

The impact of The coronavirus | global short-term rental markets-part-2

Written by Karibu Qwetu • March 14, 2020
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