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Short-term rental demand to skyrocket from standstill

New Zealand short-term accom rentals are recovering as Kiwis return to domestic travel faster than anywhere else in the world.

A surge in short term accommodation bookings is seen as COVID-19 lockdown restrictions eased.

New data, states that the New Zealand Airbnb and other short-term rentals bookings skyrocketed last week from where they were in the week beginning Monday, April 6 – just after the country entered level 4 lockdown.

The AirDNA’s vacation rental recovery report reveals significant growth in future bookings, it represents “promising signs of recovery for the global tourism industry, showing that short-term rental industry is beginning to bounce back to pre-COVID levels, with an impressive 127 percent climb in new bookings made on Airbnb and Vrbo in a six-week sprint across the globe as travellers see a light at the end of the tunnel”.

Specifically, vacation rentals in leisure, drive-to destinations are leading the tourism industry in its ascent to recovery after hitting rock bottom in early April.

These results will be especially celebrated by providers and operators in tourist’s favourite but hardest hit destination, Queenstown as it tops the list of most booked destinations. Wellington and Christchurch are also in the list of top ten cities in Oceania that are seeing high growth in new bookings.

Worldwide locations such as beaches, ski resorts, and mountains are proving particularly popular, experiencing the highest growth in new bookings.

When talking about the global recovery the AirDNA report states: “New Zealand leads the charge with over 465 percent more bookings this week than 6 weeks prior. After doing a remarkable job shutting down the country and stunting the virus’s spread, it’s seeing a huge surge in bookings even as it heads into the winter season.”

AirDNA CEO Scott Shatford said: “I am ecstatic to see that vacation rental bookings might soon match pre-COVID levels. We hope this indicates that the industry has turned a corner and that the travel sector as a whole can look forward to a brighter future.”

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