Airbnb expects regional boom
Even as countries are beginning to roll out vaccines against COVID-19, travel in 2021 will be focused on regional destinations rather than international tourist meccas, according to a report released by Airbnb Inc. on Thursday.
Major cities like Toronto, New york, and London were some of Airbnb’s biggest destinations in the second half of 2019. But the pandemic swooped in and shut down travel for months last year.
As restrictions eased over the summer, smaller, low-profile destinations were in high demand, a trend Airbnb sees continuing this year.
So far, the biggest increase in searches for booking include destinations like rodanthe, on the outer banks of North Carolina, and Muskoka Lakes, a few hours’ drive from Toronto.
The u.s. travel report derides the “long lines” and “shuttles” of mass tourism, saying that people are eager to travel again to see loved ones, not landmarks. In the midst of the pandemic, Airbnb saw record bookings for family travel, or groups of five or more.
According to the report, 54 per cent of people surveyed said they have already booked travel or expect to travel this year. A majority, 56 per cent, say they prefer a domestic or local destination versus 21 per cent who are keen to visit someplace international and far away.
To predict travel trends for 2021, the report cites a public opinion poll conducted by Clearpath Strategies and internal Airbnb data through the third quarter of 2020.
Since April, travellers have most often opted for bookings 80-800 kilometres from their home. Of those surveyed, 55 per cent reported being “very” or “extremely” interested in taking a trip within driving distance. Pre-pandemic, most Airbnb bookings were more than 800 kilometres from home. With shorter distances comes quicker decisions.
Highlighting the pandemic’s unequal impact, Americans planning to travel in 2021 skew younger and wealthier. Three fourths of people making more than us$100,000 a year plan to travel in 2021, while only 58 per cent of those earning less than us$50,000 say the same. A majority of Americans under 50 plan to travel in 2021, compared with 45 per cent over that age.
Business travel is unlikely to return to the way it was pre-pandemic, as technology has proven it’s often expendable. It’s also Americans’ least-missed out-of-home activity, the report says. While Airbnb has pushed for more share of the business travel market, it’s not as dependent on it as other companies. Marriott International Inc. and Expedia Group Inc., reported a 57 per cent and 58 per cent drop in sales in the third quarter of 2020, respectively, compared with an 18 per cent Airbnb drop.