Airbnb may not get a big benefit from the recent rebound in short-term rental bookings.
Airbnb rival VRBO tends to dominate the market for accommodations in those areas, Scott Shatford, the CEO of industry research firm AirDNA, told Business Insider. "It's just in the nature of who's booking travel," said Shatford. "I think VRBO, through this summer," he continued, "will perform better than Airbnb."
But the rebound is uneven. Bookings are skyrocketing in places such as Big Bear Lake, outside of Los Angeles; South Padre Island, Texas; and North Carolina's Carolina Beach. In each of those destinations, reservations were up more than 1,000% from the low point in April.By contrast, big cities are seeing much more modest increases in bookings. New York was up only 40% from the April bottom. And San Francisco was up by less than 50%.
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