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Airbnb is becoming more of a nomadic lifestyle hub than a vacation planning website. With the rise of remote work, many people are booking longer stays on Airbnb and taking their work with them, including Airbnb CEO, Brian Chesky. He recently announced that he\\u2019ll be living on Airbnbs, and staying at a new place every few weeks. (1)

Hi, I\'m Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.

The pandemic has unleashed a big revolution in the way people live and work. While some people are looking for bigger single-family homes with yards, others are ditching the stay-at-home life altogether and becoming digital nomads. Airbnb caters to this lifestyle perfectly, with accommodations that can be as flexible as the remote worker schedule.

Longer Airbnb Stays

The Airbnb website shows how people are using short-term rentals as a way to travel while they work. In a news release about Chesky\\u2019s plan to live on Airbnbs, it says almost 50% of the reservations in the third quarter of last year was for seven or more days. That\\u2019s up from 44% in 2019. And, it says that one out of every five of the people who booked during Q3, booked for 28 days or longer.

Airbnb said in the news release: \\u201cAs the world undergoes a revolution in how we live and work, more people are blending life with travel.\\u201d And that\\u2019s exactly what Airbnb is researching with a campaign called: \\u201cLive Anywhere on Airbnb.\\u201d

\\u201cLive Anywhere on Airbnb\\u201d

The campaign involves the selection of 12 individuals and families from nine countries around the world, who get to stay at Airbnbs for free for 10 months as part of an Airbnb research project. The only thing they have to do in exchange is to share their experiences with Airbnb.

That campaign was underway in the middle of last year, and there are profiles of all the people participating in the project on the Airbnb website. Now Chesky will be also be contributing his feedback on the Live Anywhere trend as a nomadic remote worker, running his company from various Airbnb locations.

Airbnb Trends

The company is predicting that as the remote trend matures, more and more people will use Airbnbs to live, travel, and work at the same time. The company is also predicting that we\\u2019ll see that people may venture farther away from home, and work for longer periods of time in other countries. Many may even give up their permanent address so they can live abroad unencumbered for however long the adventure lasts. Airbnb cited some data that shows international travel was already surging before the pandemic \\u2013 from 25 million in 1950 to 1.4 billion in 2019.

One trend that Airbnb has been seeing during the pandemic is an increase in bookings for rural areas. It says those bookings were up 85% in the third quarter of last year, compared with the third quarter of 2019. The length of time people are spending in Airbnbs has also increased dramatically. Airbnb says it grew 75% from the summer of 2019 to the summer of 2021. And those who are leading the fully nomadic lifestyle, the percentage has grown from 9% to 12% in one year from 2020 to 2021.

Digital Nomad Visas

Several countries are offering digital nomad visas. If you\\u2019re interested in doing something like that, check out Spain, Portugal, Costa Rica, Brazil, Malta, and Indonesia, among others. (2) You\\u2019ll find links for more information about the Airbnb lifestyle at newsforinvestors.com.

Check the links at newsforinvestors.com, for more information on this topic. You can also find out more about real estate investing at our website. It\\u2019s free to join, and free to access hundreds of webinars and articles on real estate investing. You\\u2019ll also have access to the Investor Portal where you can view sample property pro-formas for new and existing rental homes, and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.

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Thanks for listening. I\'m Kathy Fettke.

Show Notes link: https://www.newsforinvestors.com

Links:

1 -https://news.airbnb.com/brian-chesky-to-live-on-airbnb-as-the-travel-revolution-becomes-reality/

2 -https://www.investopedia.com/countries-offering-digital-nomad-visas-5190861