The Coronavirus effect: Consumers migrate from Airbnb to Idealista

March 17, 2020
Share this Post: 

Homes used for vacation rentals return to the traditional rental market in the face of the coronavirus crisis.

On March 11, the World Health Organization (WHO) declared the coronavirus outbreak, known as COVID-19, a global pandemic.

In Spain, the state of alarm decreed by the Government to stop the spread of the coronavirus and the closure of borders, has forced many homeowners to abandon the business of tourist apartments. Fear and citizen commitment forces to stay at home except in cases of force majeure, the reduction of rail, maritime and air transport and the closure of borders of the European Union, has caused the demand for flats through platforms such as Airbnb to have reduced to practically zero.

The company announced its measures by joining other companies in the sector such as Room Mate Group and Destinia, it has launched a special cancellation and information policy for the coronavirus to also protect its guests and hosts. Reservations for accommodation and experiences on Airbnb made until March 14, 2020, with arrival between that date and April 14, 2020, can be canceled before arrival using this policy.

Travelers who cancel will receive a full refund and hosts can cancel free of charge and without affecting their Superhost status. Airbnb will reimburse all service fees for qualifying cancellations.

The host's cancellation policy will apply as usual to reservations made after March 14, 2020 and to reservations made up to that same date and arriving after April 14, 2020.

At an economic level, the tourism sector suffers first hand the effects of the epidemic, the times are not very optimistic, homeowners in the face of this panorama have put their homes for traditional rent, an increase registered by the idealista portal, in the last 24 hours 434 new homes have been registered, this increase has been noticeable since last week, reaching 2,250 available homes.

The crises bring chaos and opportunities. The real estate market will undoubtedly undergo a transformation that is still taking shape, but the vacation rental sector already gives us some clues.

 

March 17, 2020

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zillow Green Shoots
Finally Some Good News for Zillow! Homes Sell-off Going Well and Company to Buy Back $750m Worth of Shares

Zillow has been taking a battering recently. Since revealing its decision to wind down its iBuying business along with a...

Read More
Zillow No Sale
Zillow Reneges on Pledge and Cancels 400 Offers Contracts

According to local press reports from Phoenix Arizona, Zillow's iBuying division is cancelling agreements to buy around 400 homes and...

Read More
Portal Products We Like Edited
7 Great 'Under the Radar' Property Portal Products

At OnlineMarketplaces we get sent a lot of press releases around new portal products and, if we're being honest, sometimes...

Read More
Rentpay Skyline
Rent.com.au Signs Agreement to Have Leading Rentals Agency Promote its End-To-End RentPay Product

Australian rental portal and end-to-end specialist Rent.com.au has announced that it has signed an agreement with prominent rental management agency...

Read More

Popular News