Last week, thousands of San Francisco Airbnb listings performed a disappearing act. Hosts who failed to register with the city have been removed from the platform, reducing inventory by nearly 4,800.
Jasper is joined by Margot Lee Schmorak, Co-Founder and CEO of Hostfully, to discuss what’s happening in San Francisco and the reaction of hosts in the city. They also consider an Airbnb faux pas in Australia, where a $20K reservation was cancelled over cockroaches—without giving the hosts a 24-hour window to resolve the problem.
Margot and Jasper cover the new regulations in Boston, regulations that come with steep fines for breaking the rules, as well as a study indicating that millennials prefer luxury hotels over short-term rentals. They close with the most popular Airbnb photos on Instagram, breaking down the commonalities among the winners. Listen in for insight on making your listing a hit on social media!
- 4,760 unregistered listings removed from Airbnb
- Home Sharers Democratic Club supports changes
- Rules require registration, $340 fee
- Can only rent entire home for 90 days
- Median rent for 1BR in SF = $3,500
- Guests booked for five weeks @ $500/night
- Hosts went on five-week vacation with kids
- Guests contacted Airbnb re: cockroaches
- Airbnb cancelled reservation
- Host not given usual 24-hour window to resolve
- Prevent short-term rentals from monopolizing housing market
- Hosts face steep fines for breaking rules (up to $148K)
Article #4: US Millennials Prefer Hotels Over Airbnb
- Survey of 1,500 people cited full-service hotels as first choice
- 35% prefer luxury hotels/resorts, followed by camping at 33%
- Only 23% named short-term rentals as preferred accommodation
- Millennials may be more aware of horror stories, less loyal
- Wood cabins, spectacular views
- Nature, greenspace prominent
- Photographs represent character of location
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This episode is sponsored by Payfully. Payfully allows Airbnb hosts to get paid within 24 hours after a booking is received. Use code GPFYP to get the first advance for free!