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Transcript
00:00Is Airbnb dying? Apparently owners of short-term rental properties are complaining on social media
00:05about falling bookings and renters are getting fed up with rising rates. Is the hotel empire
00:11striking back? Or have travelers found a new option? Neither. While individual hosts may be
00:16hurting, Airbnb, their company, is doing fine. What we're seeing is the deflation of a bubble
00:21caused by the pandemic. In 2021, when people finally started traveling again, demand for
00:27short-term rentals shot up. A lot of wealthy people who wanted in on the game took advantage of low
00:33interest rates to buy a second or third house to use as an Airbnb property. In other words, supply
00:39overshot demand. Even though travelers are using Airbnb more than ever, there are simply too many
00:45units on the market, so many of them are sitting empty. It's hard to feel too bad for their owners
00:50though, since a housing shortage and high interest rates are making it so hard for ordinary people to
00:55buy their first home. Is Airbnb dying? Apparently owners of short-term rental properties are
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