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Vacation rentals globally have rebounded 127% since April after coronavirus lockdowns halted nearly all travel, according to a report from AirDNA.
Short-term rentals on platforms like Airbnb and VRBO reached rock bottom around April 5, but have nearly returned to pre-pandemic levels, according to AirDNA.
Beach towns and other leisure destinations, especially in places that pushed to reopen quickly, are seeing the most growth, the report said.
The numbers are one sign that people are starting to travel again, at least locally, as stay-at-home orders are eased, but the devastated industry is still fragile and a resurgence of cases could shut things down again.
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Health concerns aside, people are slowly starting to travel again as states and countries begin to ease stay-at-home orders, and short-term rental sites like Airbnb and VRBO already appear to be benefiting.
Global vacation rental bookings surged 127% between April 5 — when they hit rock bottom — to May 18, nearly reaching pre-pandemic levels, according to a new report from market research firm AirDNA.See the rest of the story at Business Insider
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