1) Valuation
As of 2019, Airbnb’s private valuation was $35 billion.
This puts Airbnb’s value at a higher number than many well-known brands in the hotel industry that have been around much longer.
However, it’s value decreased post-COVID to $18B.
2) Host Protection Insurance
Airbnb provides each host a $1 million liability insurance policy for their rental business.
This policy applies for each incident that occurs in their property. If they have multiple properties, they are covered just as well.
3) Total Listings
Airbnb currently has more than 7 million listings all across the world.
On any given day, Airbnb provides lodging services for 2 million guests.
The United States controls the majority of this market share.
Airbnb listings are available in over 100,000 cities spanning 220 countries.
4) Affordability
On average, Airbnb rentals are 21% to 49% cheaper than hotel rooms.
More and more people every year are using Airbnb and other short-term rental platforms for business travel, vacation, etc.
5) Booking Trends
The majority of Airbnb bookings are for 2-4 people per stay.
This means that making your property compatible for multiple guests will guarantee you make
6) Airbnb Arbitrage
With Airbnb arbitrage, you don't even need to own a home to start an Airbnb business. This is a business strategy where a wannabe host rents a property from a landlord and then lists it on the platform.
Hosts can make $1,000+ per month of positive cash flow for each property when acquired with rental arbitrage.
7) Airbnb Experiences
Airbnb doesn't just offer homes and rooms for rent. They also offer Airbnb Experiences such as tours, social events, online experiences, and other adventures.
8) Popularity
The most popular locations for Airbnb in 2019 were in China, Mexico, and New Zealand.
Each year Airbnb acquires more and more of the international market share.
This trend is not only serving guests but also allowing everyday people to create successful businesses out of their homes.
9) Host Demographics
More and more people over the age of 55 are taking up Airbnb hosting as a source of income.
This may be a result of the fact that most homeowners are older, giving them a lower barrier to entry.
Creating a reliable source of passive income could allow you to retire early and get more out of life while you’re young.
10) Guest Demographics
The majority of bookings on Airbnb are by people who are between the ages of 22 and 37.
This younger generation of users is paving the way for new and alternative technologies that provide age-old services.
This likely means that this trend will continue into the future, thereby securing the financial success of those who choose to get into hosting.
Contact Square House Property Management
Are you tired of self-managing your Airbnb yourself?
To learn more about our Airbnb management service, contact us today by calling (972) 523-1389 or click here.