"In 2022, we saw new heights in demand on the Airbnb platform and the result is continued growth in typical Host income, which was over $14,000 in the US," Sam Randall, a representative for Airbnb, told Yahoo Finance in a statement.
Kenworthy said he ended up cutting his listing prices by 50%: The going-rate for one of his rental properties went for $450-$600 a night that weekend after he'd been anticipating a rate closer to $1,000 a night given the demand generally created by an event like the Super Bowl. "We ended up at, let's just assume midday Saturday before the Super Bowl, close to 90% booked for all of our properties," Kenworthy told Yahoo Finance, later adding: "Some key markets are experiencing quite a bit of saturation."
Ric Kenworthy, who manages 96 short-rental property listings through a company, Old Town Rental, in Arizona, was scrambling to fill unbooked units ahead of last month's Super Bowl in Glendale.
But the sentiment shift came as something of a surprise to hosts and managers using the home-booking platform who say they are finding it harder and harder to book guests.
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