Top Airbnb Destinations for Summer
In the summer of 2019 , the top Airbnb destinations in the entire nation for the peak travel season were ranked as follows :
# 1 Los Angeles # 2 San Diego # 3 Phoenix # 4 San Francisco # 5 New York City
In San Diego , Airbnb reported that there were 345,000 guests that generated upwards of $ 79 million in revenue for the property hosts . For the smaller neighborhood regions in San Diego County , the most popular areas for Airbnb travelers included :
# 1 Pacific Beach # 2 Mission Beach # 3 East Village # 4 North Park # 5 Ocean Beach
The Global Pandemic ’ s Effect on Tourism and Investments
In February and March 2020 , the Dow Jones stock
index experienced eight of the 10 worst alltime trading days in history due to investor fears about the coronavirus pandemic . Between February 12th when the Dow peaked at 29,551.42 on February 12th and March 23rd when the Dow plummeted to a low of 18,213.65 , the Dow lost 38 % of its overall percentage value in just over five weeks . However , stock prices have been moving much higher through the end of June as the Dow Jones had the best quarter since 1987 and the S & P 500 index had the most positive quarter in 22 years .
Unfortunately , the travel and tourism industry has been hit hard during the first half of 2020 due to so many hotel , motel , theme park , and transportation restrictions or complete shutdowns . For many vacation rental owners , they have seen their income fall to lower levels than in previous years . If so , the loss of rental income has inspired some vacation property owners to think about either selling or refinancing their property to generate much needed cash or to hopefully improve their monthly net cash flow .
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