Maps from both AirDNA and AllTheRooms show more listings than that just in downtown Orlando, as well as listings in most neighborhoods. In all, 116 short-term rentals are registered with the city, said Ashley Papagni, a city spokesperson. Each accommodation must be registered with the city and no more than half of the bedrooms on a property can be rented under city rules. Home-sharing is allowed in all residential zoning districts. “The regulations that have been put in place have been effective at restricting short-term rentals.”Īs Airbnb and Vrbo rapidly gained popularity, cities and counties across Florida created their own rules, ranging from outright bans of the rentals to allowing them with varying restrictions.įor example, in Orlando, such accommodations are allowed as a “hosted rental” where the owner or a long-term tenant is required to live on the property during all bookings. That’s definitely not the national picture … and it’s specific to Orlando,” Gallagher said. “It’s an abnormality, specific to Orlando, that we’ve stayed at this 40,000 available listings since 2020. In December 2019, about 43,000 such listings were posted, compared with more than 66,000 last month, he said, another key difference compared to other areas. The pandemic also took a bite out of the stock of available short-term rental accommodations in Orlando, Gallagher said, with the region only having about 60% of the listed accommodations now than it had at the end of 2019. “As we said during our first-quarter earnings, more guests are traveling on Airbnb than ever before, with nights and experiences booked growing 19% in the first quarter of 2023 compared to a year ago,” Sam Randall, an Airbnb spokesman, told Bloomberg. Using AirDNA’s data, Lane showed a 10.5% dip for Orlando in May year over year.ĪllTheRooms didn’t respond to a request for an interview, or comment on Gerli’s thread.ĪirBnb also disputed the assertion that the short-term rental market was steeply down in a statement to Bloomberg, stating it didn’t match the company’s own data, which it also didn’t provide. In response, data posted by Jamie Lane, another economist at AirDNA, said decreases in revenue per listing are happening, but far lower than the numbers Gerli listed. “The Airbnb collapse is real,” said Gerli’s tweet, which was retweeted more than 10,000 times and viewed more than 35 million times. Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse.
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