Vancouver Airbnb hosts who joined the platform throughout the final yr have raked in fairly a bit of cash through the pandemic — $2.5 million, to be precise.
The hefty quantity was collected by new Vancouver hosts who listed only one property on the holiday rental web site since March 2020, in keeping with a brand new international report on Airbnb earnings launched on Wednesday
That’s not together with established hosts or these with a number of listings, which Airbnb didn’t present earnings info for.
The brand new report analyzed worldwide earnings by new hosts over the previous yr in a bid to entice extra individuals to listing their residences on the web site.
Airbnb attributes this inflow of latest listings and excessive revenues to the pandemic each shifting customers’ journey preferences to extra native locations and creating a necessity for locations the place travellers can go to remain and nonetheless really feel secure.
“The COVID-19 pandemic has despatched travellers searching for secure, snug settings by which to attach with household and mates, creating financial alternative for others to earn wanted further earnings by itemizing their properties on Airbnb,” the report reads.
Different Canadian cities and areas additionally noticed substantial earnings. Airbnb hosts with just one itemizing in Toronto took house a collective $2.5 million. One-listing hosts within the Ontario’s extra rural Bancroft-Madawaska and Blue Mountain areas additionally introduced in $4 million collectively.
That further earnings “has offered a essential and pressing COVID social security web to assist keep economically afloat in these unprecedented instances,” the report says. Host surveys revealed that this cash was typically used to pay payments.
South of the border, the typical one-listing American host earned considerably extra over the previous yr, taking in about $3,900. Heat-weather states like California and Florida introduced in probably the most sum of money.
With recordsdata from Day by day Hive’s Laura Hanrahan
