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Do Rising Gas Prices Affect Airbnb Demand?

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Sinopsis

Gas prices are currently up 50% from last year, and it doesn’t look like they will level off anytime soon. After we faced off with the pandemic are rising gas prices the next hurdle that will trickle down into the SRT industry?At first glance, it would seem like the right answer would be a resounding yes. But there’s actually a lot more data that goes into determining if rising prices are going to trip up the travel industry. On this edition of STR Conversations, Eric and I sit down to discuss AirDNA’s report, How Rising Gas Prices May Influence Airbnb Travel Trends.We’ll cover the average amount of miles a guest travels to their Airbnb and we explain which places and types of accommodations will do better as travel becomes more expensive. Listen in to get a broader sense of what’s happening, and at what point the higher gas prices might start impacting your bottom line. We share the data you need to quell your anxiety about the things you can’t control so you can focus on what you can, so you can determ