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A recent report shows Airbnb bookings are down as much as 48% year over year in certain cities.
According to a recent report, revenue per available listing (RevPAL) from Airbnb (ABNB -1.43%)-listed properties is down by 35% or more in 15 major U.S. cities. In this video, Certified Financial Planner® Matt Frankel and Fool.com contributor Tyler Crowe discuss whether this could be trouble for the vacation rental disruptor or if there's nothing to worry about.
*Stock prices used were the afternoon prices of July 3, 2023. The video was published on July 5, 2023.
Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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