Airbnb hosts are planning to sell off their properties because of the pandemic

Malaysia News News

Airbnb hosts are planning to sell off their properties because of the pandemic
Malaysia Latest News,Malaysia Headlines
  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

The desperate moves come as hosts face the possibility of losing thousands of dollars a month in canceled bookings while bills, maintenance costs and mortgage payments pile up.

Amy Offield always dreamed of running a vacation rental in Galveston, Texas. Five years ago, she and her husband Chris got their wish and bought a house there minutes away from the beach. They immediately began restoring the property, which she named the"Blue Skies Beach Bungalow," adding vintage items as well as retro and bright-colored decor.

But as coronavirus spread across the United States in March, Offield, who has been a full-time Airbnb host for nearly two years, started seeing a wave of cancellations. When Galveston temporarily shut down short-term rentals as part of its stay-at-home order, Offield switched her Airbnb to a 30-day stay, the minimum required to be considered a long-term listing. She didn't get a single reservation, and her beach bungalow has stood empty for two months.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How People Are Making Thousands By Hosting Virtual Airbnb Experiences (One Made $150k In A Month)How People Are Making Thousands By Hosting Virtual Airbnb Experiences (One Made $150k In A Month)Make money online. Check out these inspiring coronavirus success stories as well as helpful career advice.
Read more »

The Most Popular Spots Booked For Airbnb Stays This Memorial Day Weekend Amid The PandemicThe Most Popular Spots Booked For Airbnb Stays This Memorial Day Weekend Amid The PandemicAirDNA, a research firm that analyzes bookings on Airbnb, found popular getaways booked in South Carolina, Southern California and Florida.
Read more »

Pro baseball stadium opens for overnight guests on AirbnbPro baseball stadium opens for overnight guests on AirbnbThe Pensacola Blue Wahoos' listing on Airbnb says it is the first time that a professional baseball stadium has been made available to rent on the platform.
Read more »

Is Prince Charles Using the Pandemic to Take on Captialism?Is Prince Charles Using the Pandemic to Take on Captialism?In early June, the prince will kick off a plan called “Great Reset” to urge the world to focus on sustainability when rebuilding the world after the pandemic.
Read more »

Hanifa Used 3D Models to Launch Its Latest Collection on Instagram LiveHanifa Used 3D Models to Launch Its Latest Collection on Instagram LiveDesigner Anifa Mvuemba planned the groundbreaking digital show before the coronavirus pandemic made it essential.
Read more »

See the 3D Models Hanifa Used to Launch Its Latest Collection on Instagram LiveSee the 3D Models Hanifa Used to Launch Its Latest Collection on Instagram LiveDesigner Anifa Mvuemba planned the groundbreaking digital show before the coronavirus pandemic made it essential.
Read more »



Render Time: 2025-03-28 09:09:10