App-based home rental market flourishes

Many Airbnb hosts said that the AirBnb home rental market has been active again, and the number of tenants has even reached the same level as before the epidemic.

Accommodation platform Airbnb’s latest quarterly report recorded a 46% increase in net profit year-on-year in 2021 to $1.2 billion, while confirming the post-pandemic tourism recovery momentum is still strong. continued, in the context of inflation occurring in many countries.

According to Airbnb hosts, about 60% of customers come from the US and European markets. Therefore, as soon as Vietnam opens to tourism from 2022, the good news has returned. At this point, most of the respondents are optimistic about the business situation this year.

According to the Vietnam National Administration of Tourism, in January this year, the number of international visitors to Vietnam reached more than 871,000, an increase of 23.2% compared to December 2022 and more than 44 times the same period last year. Not only that, the tourism industry also aims to welcome 8 million international visitors this year. This is a great opportunity for Airbnb business people.

“Besides guests still choosing hotels and serviced apartments, they still have other considerations like Airbnb. In 2023, the numbers are related to international guests, in today’s terms seeing the numbers. better growth than in 2022”, said Ms. Do Thu Hang, Senior Director of Research & Consulting – Savills Hanoi.

“Customer demand remains strong, and new revenue growth will remain strong over the long term,” says Airbnb. The number of new hosts on Airbnb is also increasing. In its latest quarterly report, Airbnb’s revenue jumped 29% to $2.9 billion, beating market expectations.

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