2020 was not exactly the type of year we will look back on fondly. However, based on First Quarter 2021, Airbnb could point to the pandemic as the starting point of exponential growth. While the rest of the state has largely suffered, Airbnb has increased its revenue and market share.
Airbnb: Market Share Monster Read More »
CultureMap Austin contacted Source Strategies about the growing prominence of Airbnb in the Texas lodging marketplace. Reporter John Egan delved into Source’s latest quarterly Texas Hotel Brand Report and observed that Austin is leading the charge in adopting this new lodging paradigm. At nearly $19 million, Austin grabbed the largest chunk of Texas’ Airbnb revenue
CultureMap: Airbnb Multimillion-Dollar Threat to Austin Hotels Read More »
The Austin Business Journal covered the release of the latest Hotel Brand Report from Source Strategies, picking out some interesting points relating to the Austin lodging market. Senior Staff Writer Jan Buchholz notes that Austin maintains the highest REVPAR (Revenue per Available Room) and Occupancy in the state as well as new reporting from San
Austin Business Journal: A mixed bag for Austin hotels Read More »
The Waco Tribune-Herald reports on the state of the area’s vacation rental business in an article entitled Vacation rentals double revenue over last year, riding Magnolia’s coattails published on October 3rd. Special attention is given to how this increases the Waco Occupancy Tax revenues. While the story focuses on AirBNB and VRBO-type properties, deeper in
Waco Tribune-Herald: Waco Occupancy Tax Revenue Rises Read More »
