Airbnb and Vrbo hosts are grappling with a challenging summer season. Despite a 9% increase in booked nights compared to last year, according to AirDNA, an excess of supply has driven down average nightly rates, leading hosts to reconsider their involvement in the short-term rental market. 

Hosts are debating whether the extra effort to secure bookings is worthwhile. Some have introduced unique offerings like a "romance package." Even in highly competitive markets like Phoenix, where occupancy remained stable, revenues dropped around 15%. Some hosts are questioning continued involvement due to the constant demands of hosting.

"Even though the nights booked across the country increased 9% in July to 35.4 million compared to the same time last year, a glut of supply has caused the average nightly rates to decline, according to short-term-rental analytics site AirDNA."

After an unpredictable summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it (Business Insider)