- Real Estate Agent
- Charlotte, NC
- Votes |
Airbnb’s growth has been propelled by several factors, including popularity among millennial travelers (millennials are defined as between 18 and 35 years of age).
Millennials are the largest generation in history, and by 2025, millennials and younger generations will account for 75% of all consumers and travelers.
Here's why Airbnb has become so popular amongst the younger generation:
1. Travel is deeply important to millennials. Most millennials would prioritize travel over buying a home or paying off debt.
2. Millennials are always looking for something new when they travel – more
adventurous, local, and personal.
3. Millennials are passionate users of Airbnb and a substantial, growing part of
Airbnb’s community and the number of young people who have booked on Airbnb have grown more than 120% in the past year.
This is just one of the many reasons why I believe buying short-term rentals is a fantastic long-term play.
Do you agree?