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‘Like somebody turned the tap off’: Demand for holiday rentals slumps

Nila Sweeney

Demand for holiday rental homes in some of the most popular regions has dried up in the past three months as households slash their discretionary spending to cope with the pressure of rising interest rates and cost of living, owners say.

“I’ve definitely seen a massive drop-off in bookings for holiday rentals particularly in the popular tourist destinations such as Byron Bay,” said Airbnb super host Cherie Barber, who owns five cabins in Byron Bay.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/like-somebody-turned-the-tap-off-demand-for-holiday-rentals-slumps-20230622-p5dijr