Why are Miami hosts leaving Airbnb?

In recent times, platforms like Airbnb have become one of the top choices for visitors in every country due to their more flexible and often cheaper options compared to hotels. However, despite their popularity, many hosts in Miami are looking to switch platforms. Why? At SpacePal, we’ll tell you.

Stricter regulations

One of the main reasons behind this drastic shift is the strict regulations in Miami. In an effort to control the growth of short-term rentals, local authorities have started implementing new rules that limit the number of days a property can be rented out on platforms like Airbnb or similar ones.

For some hosts, complying with these new regulations can become too costly and complicated leading them to decide to leave the platform and explore other alternatives.

Constant increase in operating costs

The surge in short-term rentals has led to increased demand for cleaning, maintenance, and property management in Miami, which in turn has caused operating costs to rise. Additionally, some hosts have reported a recent increase in insurance rates to protect their properties.

Strict competition with hotels

The growth of platforms like Airbnb has prompted a response from hotel chains in Miami. Realizing the potential loss of guests, they have called for the implementation of stricter regulations for short-term rentals, arguing that these properties do not pay the same taxes as hotels.

Changes in demand

Although Airbnb remains one of the most popular platforms in the world, demand for rentals has decreased recently for several reasons. Following the COVID-19 pandemic that shook the world, many travelers are opting for longer stays or even looking for more affordable options.

Additionally, with the increasing competition, hosts find themselves with more options to market their properties.

Another point that is causing hosts in Miami to switch from Airbnb to other platforms is the variety of professionals in the area. What does this mean? Today, this city is known for being home to photographers, influencers, and similar events. While Airbnb is recognized for its vacation rentals, it does not meet the expectations of those looking to rent solely for their work or events.

As a new option, SpacePal is emerging as one of the most popular choices, offering a variety of spaces that you can rent by the hour or by the day. Flexibility is one of the most important qualities that hosts are looking for, and this new platform has the versatility to adapt to whatever suits you best.

In conclusion, the departure of many Airbnb hosts is due to the changing landscape of short-term rentals. Competition with hotels, shifts in demand, and the constant rise in operating costs are causing more and more people to change their accommodation for their locations.

At SpacePal, we offer a variety of spaces at the best prices. Renting has never been easier.