Torontonians listing just one home on Airbnb who started hosting during the pandemic have collectively earned more than $2.5 million welcoming guests. Globally these new hosts have earned more than $1 billion
The COVID-19 pandemic has sent travellers looking for safe, comfortable settings in which to connect with family and friends, creating economic opportunity for others to earn needed extra income by listing their homes on Airbnb. A new report from Airbnb reveals that new hosts with only one listing who have welcomed their first guests since the start of the pandemic have already earned more than $1 billion. Locally, new hosts with one listing in Toronto are seeing success on the platform, collectively earning $2.5 million since March 2020.
The typical new host in Canada earned $2,400. And in an especially difficult time for working women, who have been hardest hit by job losses during the pandemic, Airbnb estimate that 55 percent of these new hosts are women and they have collectively earned more than half a billion dollars hosting on Airbnb since the pandemic started.
Some interesting numbers:
• Typical income for the Canadian new host since March: $2,400
• New hosts in Vancouver with only one listing made approximately: $2.5 million
• New hosts in Blue Mountain with only one listing made approximately: $2 million
• New hosts in Bancroft-Madawaska with only one listing made approximately: $2 million
Half of all hosts worldwide say they use their Airbnb earnings to stay in their homes. And according to a more recent survey, during the pandemic, three in 10 US hosts (29 percent) have used their hosting income to pay their rent or mortgage—including half (49 percent) of hosts aged 25-34. One quarter of hosts (26 percent) have used the income to pay down debts, and 10 percent have used it to pay for healthcare.
A our recent consumer polling by Airbnb suggests there is pent-up demand for travel as people yearn to get out of the house and connect after months of pandemic-caused isolation, and the type of meaningful travel enabled by Airbnb is the kind of travel people will continue to seek even after the pandemic ends.
It’s clear that new hosts on Airbnb have learned quickly how to successfully make their guests feel at home. In the US, one quarter of new hosts with just one listing have already become Superhosts, a designation given to hosts who provide a shining example for other hosts, and extraordinary experiences for their guests.
Airbnb, says it believes that the kind of travel and connection people will seek in 2021 is best enabled by hosts, and they welcome new hosts to the platform.
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