Home > > Hong Kong’s Airbnbs started to go vacant as protests intensified

Hong Kong’s Airbnbs started to go vacant as protests intensified

12/25/2019| 11:11:07 AM|

Only half of the rentals listed on Airbnb saw bookings come through in October.

Hong Kong's busiest travel season is coming, but it’s looking like few tourists will make the trip this year.

The months-long protests in the city have deterred both leisure and business travelers. Short-term rental hosts have seen fewer bookings since the demonstrations started in June, as have hotels. With a significant portion of Hong Kong’s jobs dependent on tourism, the island’s economy faces a reckoning if the trends continue.

Only half of the rentals listed on Airbnb saw bookings come through in October, according to the latest data available from AirDNA, short-term rentals analyst. More than 70% were booked in October last year. The number of listings on Airbnb has increased by 9% during the one-year period. On top of the lower occupancy, hosts of entire homes lowered their rates an average of 17%, compared to the year before. Nightly prices dropped from $138 to $115.

Read Original Article

TAGS: Hong Kong | Airbnb
©2019 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!