July 25, 2017

Airbnb’s growth is slowing because it’s being hit by regulation, UBS says

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Airbnb’s growth rates have slowed in the past few months partly due to increased regulation around the shared accommodation sector, UBS said in a note released on Wednesday.

The Swiss investment bank analyzed data from 127 cities where Airbnb is present to look at growth of the company’s listings and impact on hotel brands.

UBS found that worldwide year-on-year growth of Airbnb available listings per month has been on a downward trend since October 2016. For example, Airbnb available listings in that month grew around 110 percent, while in February 2017, it had slowed to around 35 percent.

Airbnb was not available for comment when contacted by CNBC.

Still, it’s important to note that the company is still growing and hasn’t posted declining growth. Amongst the seven largest Airbnb markets – namely the US, France, Italy, Japan, Spain, U.K. and Germany – available listing nights still grew at 40 percent year-on-year over the last three months, UBS said.

Airbnb’s listing nights booked hit 52 million in 2016 versus 25 million in 2015, more than doubling, UBS said. Gross bookings worldwide have also more than doubled and reached $6.4 billion in 2016.Many cities around the world have moved to regulate shared accommodation, which is a […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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