Lollapalooza weekend breaks Airbnb booking record in Chicago

Already, some 22K people have booked rentals on the platform, a new record for Chicago

Chicago /
Aug.August 02, 2019 05:00 PM
(Credit: iStock)

(Credit: iStock)

Guess what, millennials? It’s Lollapalooza weekend, and if you didn’t book your Airbnb already, you’re likely out of luck.

Some 22,000 people have made reservations this weekend with the short-term rental platform in Chicago, a record-breaking number for the Windy City, according to the Chicago Tribune. But it’s not unexpected.

“This is what happens with big events like Lolla or the marathon,” said Ben Breit, Airbnb head of trust and security communications for the America, according to the Tribune. “Whatever is causing hotels to fill up is going to be big for our hosts.”

While many have already said yes to festival-goers, some Chicagoans fear the repercussions, like theft or the dreaded surprise “party house.” And to soothe such anxieties, Breit recently held a forum with local hosts.

“With huge weekends like this one, you get a lot of people who are using the platform for the first time,” he told the Tribune. “So we tell hosts to help them out, guide them through the process, over-communicate the house rules.”

Communication might be fine with some rental markets, but in cities like Los Angeles, which was 2018’s top Airbnb destination, or New York, lawmakers are starting to crack down on the platform. [Chicago Tribune] — Matthew Corkins


Related Articles

arrow_forward_ios
Short-term rentals in Chicago dipped in June, but spiked in  Lake Geneva, Wisconsin (left) and (right) Saugatuck, Michigan (iStock)
Short-term rentals soar outside Chicago…way outside
Short-term rentals soar outside Chicago…way outside
Airbnb CEO Brian Chesky and Mayor Lori Lightfoot (Getty)
Lightfoot proposes stricter rules on short-term rentals
Lightfoot proposes stricter rules on short-term rentals
Airbnb CEO Brian Chesky with Pride Fest and Lollapalooza (Credit: Getty Images, North Halstead)
Chicago Airbnb hosts heads-up: Pride Fest, Lollapalooza among top-earning weekends
Chicago Airbnb hosts heads-up: Pride Fest, Lollapalooza among top-earning weekends
Domio acquires Reserve Rentals, bringing “apartment hotels” to Chicago
Domio acquires Reserve Rentals, bringing “apartment hotels” to Chicago
Domio acquires Reserve Rentals, bringing “apartment hotels” to Chicago
“A law that was designed to fail”: Aldermen want more enforcement of Airbnb-like vacation rentals
“A law that was designed to fail”: Aldermen want more enforcement of Airbnb-like vacation rentals
“A law that was designed to fail”: Aldermen want more enforcement of Airbnb-like vacation rentals
Airbnb party home + tony suburb = lawsuit
Airbnb party home + tony suburb = lawsuit
Airbnb party home + tony suburb = lawsuit
Rent on, man: How Coachella Valley homeowners capitalize on festival season
Rent on, man: How Coachella Valley homeowners capitalize on festival season
Rent on, man: How Coachella Valley homeowners capitalize on festival season
National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more
National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more
National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...