Despite Concerns of Second Wave of Coronavirus, Airbnb Bookings Continue Bouncing Back​

From AllTheRooms.com, June 23, 2020

As states across the United States lift lockdown restrictions, there's been a surge of COVID-19 cases in over half of U.S. states. However, despite the fear of a second wave, Airbnb bookings have continued to increase. Using AllTheRooms Analytics' Forward Booking Index, we were able to track the rebound of Airbnb bookings in popular vacation rental destinations in the U.S.

U.S. 90-day Airbnb occupancy rates, the percentage of nights that properties listed on Airbnb are booked over the next 90 days, reached 26.6% as of June 21st, a 37.3% increase week-over-week and a 102.6% growth month-on-month. These numbers are quite close to the national Airbnb 90-day occupancy rate last year and only represents 2.6% drop versus 2019 levels. 

Georgia 90-day Airbnb occupancy rates reached 21.0% as of June 21st, representing a week-on-week growth of 48.3% and a month-on-month growth of 150.0%. The 90-day Airbnb occupancy in Georgia surpassed that of last year, with a 34.9% year-over-year increase. 

Airbnb 90-day occupancy rates in Arizona also increased significantly from 2019 levels. Arizona 90-day occupancy as of June 21st reached 26.9%, a 35.0% growth week-over-week, a 113.1% growth month-over-month and a 26.4% growth year-over-year. 

Texas 90-day Airbnb occupancy rates as of June 21, 2020 also surpassed 2019 levels. Airbnb 90-day occupancy in Texas reached 24.0% as of June 21st, representing a 41.4% growth week-over-week, a 142.7% growth month-over-month and a 10.9% growth year-over-year.

Florida 90-day Airbnb occupancy rates as of June 21st haven't bounced back to 2019 levels, however there has been significant growth in the past month. The 90-day Airbnb occupancy in Florida reached 26.0% as of June 21st, representing a week-on-week growth of 30.9% and a month-on-month growth of 82.6%. Airbnb 90-day occupancy was still down 8.2% compared to the previous year.

In California, the 90-day Airbnb occupancy rate reached 23.1% on June 21st, a 50.6% week-on-week growth and a 138.2% increase month-over month. However, the 90-day Airbnb occupancy has yet to reach 2019 levels. As of June 21st, there was still a year-over-year drop of 12.2%. 

Although Hawaii 90-day Airbnb occupancy rates have recovered significantly in the past few months, they are still far from 2019 levels. As of June 21st, 90-day Airbnb occupancy rates reached 23.5%, a week-on-week growth of 17.4% and a month-on-month growth of 31.4%. Compared to the previous year, 90-day occupancy rates in Hawaii are still down 39.5%. 

While New York 90-day Airbnb occupancy rates have recovered significantly in the past month, they are still far from 2019 levels. As of June 21st, 90-day Airbnb occupancy rates reached 11.7%, a week-on-week growth of 44.4% and a month-on-month growth of 82.4%. Compared to 2019, 90-day occupancy in New York is still down a whopping 52.6%. 

SA: Hawaii vacation rentals continued to struggle in May amid lockdowns