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Real Estate News Airbnb could offer rentals for one year and thus enter the long-term rental market - La Nación Propiedades

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Airbnb could offer rentals for one year and thus enter the long-term rental market - La Nación Propiedades

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October 17, 2023

The accommodation platform plans a “bigger update” by offering long-term rentals, car rentals and restaurant promotions starting in 2024

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Airbnb plans to expand its options and offer long-term rentals, for up to a year, in addition to car rentals and restaurant promotions starting in 2024

Airbnb, one of the leading short-term home rental platforms, is preparing an ambitious expansion plan that will change the way travelers interact with the platform.

Starting next year, Airbnb intends to go beyond its core business and offer long-term home rentals of up to a year, Airbnb CEO Brian Chesky shared with the Financial Times. This decision responds to the growing demand for extended stays, especially in a post-pandemic world where people have the flexibility to work from anywhere.

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Airbnb supporters during a protest outside New York City Hall to support the continuity of temporary rentals in the city where they were limited starting in September

Although only 18% of gross nights booked in the second quarter of this year were for stays longer than 30 days, Chesky believes there is a “huge opportunity” for the company and promises a “further update” of the platform in the future. next month.

“Over time, Airbnb's great frontier is to go beyond travel,” Chesky told the British media and revealed the intention to make the platform “a more important part of your daily life. ” Airbnb's plans include expanding its accommodation offering, as well as “things to do on your trip.”

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Brian Chesky, the CEO of Airbnb, assured that “there are a variety of ways you can do something with cars.”

In addition, they reported that they are considering the possibility of offering car rental services and promoting pop-up restaurants as part of their comprehensive offering. “The car is the second most important asset in a person's life after their house,” Chesky said, adding that “there are a variety of ways you can do something with cars.”

This announcement comes at a time when Airbnb faces regulatory challenges in several cities, including New York. The city began enforcing a series of restrictions against Airbnb owners last month to limit the rental of homes on the platform, such as prohibiting the rental of entire units or limiting reservations to two people maximum.

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New York began enforcing a series of restrictions against Airbnb owners last month to limit home rentals on the platform.

However, the CEO believes that the situation in New York should not be taken as a negative precedent since the majority of people in the city and elsewhere see beneficial opportunities.

An important fact is that Jay Carney, global head of policy and communications at Airbnb, referred to the situation and assured that New York's policy will not solve the real estate crisis and will only serve to increase hotel room rates and discount fewer wealthy tourists.

But in reality New York is not the only city that is applying restrictions on temporary rentals, the main tourist cities in Europe such as Florence and Milan (Italy), Lisbon (Portugal), Paris (France), San Sebastian (Spain) because the temporary rental business is leaving cities with a very low supply of permanent rentals for those who want and need to live, work and study in those cities, through controls with laws and regulations.


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