The pressures of surging living costs are pushing many property owners to consider hosting under Airbnb, in the hopes of earning extra income.
Data from Airbnb showed that there have been 60 million unique visitors who have explored the “Host” page of the platform, with close to half of those recorded only last year.
Overall, a quarter of Australians indicated that they have considered becoming a host on Airbnb to take advantage of the renewed appetite for travel.
In 2021, a typical Airbnb host in Australia earned a median income of $11,464.
According to Airbnb, hosts are using their extra income to cover mortgage payments and rising costs. In fact, almost 40% of hosts in Australia said what they were earning through Airbnb helped they stay in their home.
Meanwhile, 41% of the hosts said they have used the extra income to pay for food and other items that have become more expensive.
There’s also 7% that said the extra income helped them avoid eviction and foreclosure.
Airbnb CEO and co-founder Brian Chesky said people are becoming especially interested in earning extra income through hosting.
“That’s why we’re introducing an easy way for millions of people to Airbnb their homes — with Airbnb Setup, every new Host can get free, one-to-one guidance from a Superhost from their first question through their first reservation,” he said.
"And with even more AirCover for Hosts, now is the perfect time to put your place on Airbnb.”
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Photo by By cottonbro from Pexels
