Published on : Tuesday, January 23, 2018
In fact the booked listings had increased by nearly 34% year over year in 2017, as per the data from research firm AirDNA.
The booking listings have risen every month since April in the Big D, including as many as 1,946 bookings in December representing a record high for the city. A booked listing is defined as an Airbnb listing that is booked at least one time during a given month.
The Dallas Airbnb market has historically enjoyed a low portion of the totals of the state.
But then the year-end data that was offered by AirDNA and analyzed by the Dallas Business Journal portrays that the local area started catching up in the second half of the year 2017.
Austin has been the most lucrative market for the hosts of Airbnb. The booked listings had grown by 23% in 2017.
The city has two major boosts each year in the form of South by Southwest and the Austin City Limits music festival. The latter led to a Texas-record 7,332 booked listings for Austin in October as per the data of AirDNA.
Houston market increased by nearly 44%, fuelled by strong numbers in February 2017 when the city was the host of Super Bowl LI.
Over the last half of 2017, Houston’s booked listings had risen by 33% while Dallas grew by 36%. Dallas had actually averaged about 1,443 booked listings per month and Austin averaged 5,189 per month, Houston averaged 2,879 per month, San Antonio had averaged 1,259 per month and Fort Worth averaged 329 per month.
Fort Worth Airbnb hosts were strapped by city regulations that required that they are entitled to a bed and breakfast permit to operate. The permits are only available to homes that were constructed prior to 1993.
Over the last 12 months, the average ‘entire home’ listing in Dallas has ushered in revenue of $10,311 as per AirDNA.
This compares to $17,007 for listings in Austin and $8,046 for listings in Houston.