HostWell data talks about occupancy of individual units. That tells nothing about total number of bookings. Supply of AirBnb units has been increasing faster th

HostWell data talks about occupancy of individual units. That tells nothing about total number of bookings. Supply of AirBnb units has been increasing faster than demand. That's why occupancy is decreasing. It doesn't show decrease demand for AirBnb. As far as AirDNA data I'm not sure whether they are talking about total nights stayed or something else. But I can certainly believe it's 30% below pre-pandemic levels. Chinese tourist flow hasn't recovered. That alone may account for most of the decrease vs 2019.