And in certain markets, the figure has been as high as 60% (our own data would support this, as we’re running at 75%).ġ3. In market updates since Q3 2020, the total number of room nights booked as extended stays has averaged between 15.5-16m each quarter, representing 19-24% of total nights booked on the platform (or the equivalent of nearly 176,000 listings occupied full time).

That may impact its ability to capture $210bn in long-term stays as stated in its IPO prospectus ($48bn in the serviced apartment/corporate housing segment and $162bn or 10% of traditional real estate rentals).Īirbnb has once again reported that a substantial part of its bookings come from extended-stay guests (those staying 28 nights or more). The reason for this disconnect is that its service fees are too high compared to the value it brings as an intermediary to hosts and guests on these longer stays.

Airbnb has a pricing strategy problem on extended stays (28+ nights), which make up to 25% of the nights it sells each quarter.

Chromium ubuntu install