Airbnb Bookings Rebound in Australia
NEW YORK, May 19, 2020/Press Release/– Airbnb bookings show a rebound taking hold in Australia, according to data from AllTheRooms Analytics, a provider of short-term rental and Airbnb data and analytics.
Australia 90-day Airbnb occupancy rates, the percentage of nights that properties listed on Airbnb are booked over the next 90 days, reached 11.6% as of May 15th, a 1.3% increase week on week. This still represents a 33.6% drop versus 2019 levels.
Western Australia saw the greatest rebound, with 90-day Airbnb occupancy rates as of May 15th increasing by 8.4% compared to seven days ago. Western Australia also had the lowest drop of occupancy year-on-year. Airbnb 90-day occupancy reached 15.0% on May 15th, representing a 19.1% decrease compared to a year ago.
The Northern Territory had the second highest week-on-week rebound as of May 15th, with an increase of 5.1% in Airbnb 90-day occupancy rates. While the week-on-week increase was high, the Northern Territory had the biggest drop of year-on-year Airbnb occupancy within Australia. Occupancy reached 18.9% on May 15th, constituting a 42.2% drop year-on-year.
South Australia had the third highest week-on-week rebound of occupancy as of May 15th, with a growth of 3.2%. Airbnb 90-day occupancy reached 12.4% on May 15th, a 23.9% drop year-on-year. South Australia had the second lowest year-on-year drop in occupancy.
After South Australia stood Queensland with the fourth highest week-on-week rebound of occupancy as of May 15th. Airbnb 90-day occupancy reached 14.2% on May 15th, representing a 1.9% increase week-on-week, compared to a 35.9% drop year-on-year. This year-on-year drop was even higher than the national average.
Tasmania had the fifth highest week-on-week rebound in Airbnb occupancy, with an increase of 1.7%. While the increase in 90-day Airbnb occupancy wasn’t massive, it was above the national week-on-week growth. Occupancy reached 15.3% on May 15th, a 24.6% drop year-on-year.
Victoria had the sixth highest week-on-week rebound of occupancy as of May 15th, even though the growth was only 0.8%. Airbnb 90-day occupancy reached 10.1% on May 15th, a 40.0% drop year-on-year. While Victoria did see a slight increase in week-on-week growth, the year-on-year drop in occupancy was the second highest after the Northern Territory, and well above the national average.
New South Wales was the only Australian state to not see a week-on-week rebound in Airbnb 90-day occupancy rates as of May 15th. Airbnb 90-day occupancy reached 10.0% on May 15th, representing a 1.0% decrease week-on-week, compared to a 32.9% drop year-on-year. While Airbnb occupancy in New South Wales didn’t rebound week-on-week, the year-on-year drop was smaller than the national average.