Over the past few weeks, multiple stories emerged regarding homeowners living near Levi Stadium who were hoping to cash in on last night’s Super Bowl by renting out their homes at vastly inflated prices on Airbnb. However, many discovered this was simply a pipe dream, as there were too many rooms and not enough guests. "You get a flood of people listing their places and nobody looks at it," says Ian McHenry, a co-founder of research firm Beyond Pricing, which sells rental hosts a service to help calculate how much they should charge. "There’s way too much supply in the market." Of the one active Airbnb listings in the area for the weekend, around 60% were still available at kick off, according to the San Jose Mercury News.
Over the past few weeks, multiple stories emerged regarding homeowners living near Levi Stadium who were hoping to cash in on last night’s Super Bowl by renting out their homes at vastly inflated prices on Airbnb. However, many discovered this was simply a pipe dream, as there were too many rooms and not enough guests. "You get a flood of people listing their places and nobody looks at it," says Ian McHenry, a co-founder of research firm Beyond Pricing, which sells rental hosts a service to help calculate how much they should charge. "There’s way too much supply in the market." Of the nearly 10,000 active Airbnb listings in the area for the weekend, around 60% were still available at kick off, according to the San Jose Mercury News.