Airbnb supply gets a boost as vacationers prefer remote stays

Over the past four years, U.S home rental company Airbnb Inc’s supply has doubled, while it excels in some of the traditional hotel chains combined. Data from analytics firm AirDNA revealed on Friday.

AirDNA said the relative appeal for short-term rentals with larger living space and their location in remote destination proved vital for Airbnb during the COVID-19 pandemic, allowing it to perform better than the traditional form of lodging over the last year.

According to the Firm, Airbnb’s global active listings increased by 2.5% as of February 2021, when compared to the previous year.

Globally, there were over 5.4 million active listings on Airbnb, with more units available for rent than the combined total of 3.3 million units at hotel chains Marriott, Hilton, and IHG, AirDNA reported.

At the beginning of 2017, Airbnb had a supply of 2.3 million units.