Airbnb Founded In 2008 In Response To The Recession
Airbnb was founded in 2008, in response to the economic collapse and recession. People turned their own home, their greatest expense as a means to survive in a devastating time and are now thriving, some single hosts are making a million a year.
Affordable housing is a problem in every city and homeowners are being taxed out of their own homes because they cannot afford the yearly taxes. Precious Homes that have been in families for decades are being lost because the heirs cannot afford the taxes. Airbnb to the rescue.
Are you still wondering if you need to utilize your backyard or extra land for tiny home or ADU rental? Here is why you should jump on board.
Economic Benefits
- The extra revenue helps you pay your mortgage
- Helps with all the expenses of the property, taxes, insurance, utilities, upkeep
- Could possibly prevent foreclosure
- Gives the homeowner extra money to travel
- Creates Financial Freedom
Airbnb Has Created A Boost In Economies In Over 30 Countries
- Income for hosts
- New Management Careers
- Local Manufacturing
- Demand for materials, products and services
- Demand for builders
- Demand for architects and designers
- Maintenance jobs such as cleaning and landscaping and tradesmen
- Demand for web designers
- Transport services such as Uber
Airbnb Started In San Francisco
Airbnb started in San Francisco and has grown into a global community with hosts across more than 6 million listings in 191 countries and 100, 000 cities. Airbnb helps visitors reach urban and rural destinations.
Airbnb 2018 Survey
According to new survey findings and analysis of internal data released in July 2019, Airbnb’s host and guest community generated over $100 billion in estimated direct economic impact across 30 countries in 2018 alone.
Additional Revenue For Communities
According to an Airbnb survey of more than 228,000 responses from our host and guest community around the world:
- 84 percent of Airbnb hosts say they recommend restaurants and cafes to guests.
- 69 percent of Airbnb hosts say they recommend cultural activities such as museums, festivals, and historical sites to guests.
- 51 percent of Airbnb hosts say hosting has helped them afford their homes.
- On average, Airbnb guests say 42 percent of their spending occurs in the neighborhood where they stay.
- 50 percent of guests say they spent the money they saved by staying on Airbnb in the cities and neighborhoods they visited.
- 70 percent of guests say wanting to explore specific neighborhood matters in their decision to use Airbnb.
- 86 percent of guests say the location being more convenient than hotels matters in their decision to use Airbnb.
- Guests who say Airbnb impacted the length of their stay on average added 4.3 days to their trip.
Successful Examples
His Ticket To Breaking $1 Million: Renting Villas On Airbnb June 26th, 2019
Ask Jan Jens, 27, how he would describe what he has built in his profitable, multi-million-dollar luxury-villa-rental business in Miami and he sums it up in two words: “Whatever. Whenever.”
That was in 2015. As a solopreneur, he broke $1 million in revenue within a year-and-a-half after starting Jatina Group, he says. He has since built it to $7.5 million in revenue for 2018. After hitting $2.5 million a year as a sole proprietor in 2017, he has hired six people. He projects $10.5 million in revenue for 2019.
Airbnb Gets Swanky With Chateaus and Beach Homes Costing Up to $1 Million Weekly June 25th, 2019
Prices for the accommodations range from $1,000 to nearly $150,000 nightly, for an average of around $2,000. Luxe also offers guests a “trip designer,” an around-the-clock concierge who can help guests plan their trips, from finding their dream vacation home to local activities.
From Airbnb News
Airbnb Estimated Direct Economic Impact Exceeds $100 Billion in One Year July 1st, 2019
This growth has come as Airbnb helps spread the benefits of tourism to some of the least visited destinations in the world, as well. Between 2016 and 2018, guest arrivals of travelers on the Airbnb platform increased substantially in places like Moldova (190%), Vanuatu (187%), and New Caledonia (175%).
Staggering Numbers
100 Billion is a staggering amount, but what is more mind-expanding is the fact that this does not include the hosts who did not take the survey, or account for the other types of rental businesses
Such As:
- Vrbo. …
- FlipKey. …
- HomeAway. …
- Homestay. …
- VillasDirect. …
- Aluguest. …
There are also private owners that only advertise on craigslist as well that have short term vacation rentals from a room, a whole house, a tiny home, ADU, and houseboat. And now there is Hipcamp.
So 100 billion does not even scratch the surface of the revenue being generated! One of those cool facts.