The year-over-year monthly change in the number of short-term rental bookings worldwide decreased suddenly in March 2020 to four percent, dropping even further the following month to -29 percent. This decline in short-term rental bookings was due to the impact of the coronavirus (COVID-19) pandemic on tourism worldwide. Three years later, in April 2023, that figure increased to 52 percent.
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The year-over-year monthly change in the number of short-term rental bookings worldwide decreased suddenly in March 2020 to four percent, dropping even further the following month to -29 percent. This decline in short-term rental bookings was due to the impact of the coronavirus (COVID-19) pandemic on tourism worldwide. Three years later, in April 2023, that figure increased to 52 percent.