A survey conducted by economist, Tony Alexander, found that Kiwis are keen to see more of their own country when current Covid-19 restrictions are lifted. A total of 20 percent of respondents said they will spend more on domestic travel from 14 May when people will be permitted to travel around the country for business or leisure. When Kiwis do begin travelling again and your Airbnb bookings start growing, maintaining the cleanliness of your property will become high priority.
With the real estate industry being impacted by the changes of the global Covid-19 pandemic, AirBNB and short stay holiday rentals have taken a significant hit. University of Queensland’s Thomas Sigler, studied the Airbnb market, finding at any given month prior to the pandemic, Australia had between 100,000 and 130,000 dwellings listed as AirBNBs, with listings growing by around 2-3 per cent per month.
The ABC points to the “dark side” of Airbnb and its effect on long-term rental prices. Empty houses are being linked to higher housing prices and to foreign investment, most often Chinese investment. The Australian headlines that “China buyers raise ghost town fears”.
Hidden within the coronavirus-devastated tourism market is a related impact: the loss of customers could be financially devastating for small investors who dominate short-term letting platforms such as Airbnb.