Some short-term renters in the Bay Area are feeling the pressure this summer. Airbnb bookings have been declining in San Francisco, and property owners believe this is happening for a number of reasons.
As tourism picks up again, big companies are still moving out of town, resulting in fewer business leases. And hotels offer better deals.
Some hosts also believe that visitor safety perceptions could be an issue. The head of a host advocacy group says there are ways to address these concerns.
“Hosts also advise on how to ensure that (tenants) do not become victims of crime. So if you’re driving into town in a rental car, make sure you don’t leave any valuables in it,” said Peter Kwan, co-chair of the Home Sharers Democratic Club. “I point out areas that aren’t so safe.”
He also believes San Francisco’s tourist areas are as safe as any other major city.
Kwan recommends hosts entice renters with a new post, new rental pictures, and even discounted prices.
While Airbnb didn’t provide specific details on the bookings, it did say that the typical Airbnb host in San Francisco made about $26,200 in 2022, up from $18,900 in 2019.
