Plus revamped ratings & reviews, and the new Listings tab featuring a set of tools to help Hosts better showcase their homes Airbnb has more than 7 million homes all over the world. Each home is one-of-a-kind, and this uniqueness is what sets Airbnb apart. But guests often say that with so much variety, it can be hard to know what they’re going to get. This is why many people prefer hotels, and it’s the #1 obstacle preventing them from booking on Airbnb. FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France. REUTERS/Charles Platiau It has now introduced three major upgrades to help guests understand exactly what to expect before they book: Guest Favorites - A collection of the 2 million most-loved h...
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Since it's inception in 2008, Airbnb has continuously grown in popularity, seeing an increasing number of hosts and visitors alike use their platform. In 2022 alone, the platform amassed a staggering 8.4 billion in revenue, up from 5.99 billion the previous year. In fact, asides from the pandemic in 2020, the company has seen increasing YoY revenue of at least 1 billion each year. MoneyTransfers.com team has investigated which countries are the most popular destinations on Airbnb. This study highlights the dynamic nature of the short-term rental market. Additionally, the Airbnb statistics also speak somewhat about its user and host base, offering a holistic view of this pioneering sharing economy platform. FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass ...
Read More# Data shows there were over 19,000 guest arrivals in areas across the country with Airbnb listings and no hotels, earning Airbnb hosts more than INR 40 million # Nearly 100 Indian cities and towns had their first Airbnb booking since March 2020 # The number of domestic nights booked in India doubled in 2022 compared with 2019 Airbnb Hosts and guests have emerged as key drivers of economic activity in areas not served by traditional accommodation across India. A new report shows there were over 19,000 guest arrivals in communities within India with Airbnbs and no hotels in 2022. This has generated almost INR 40 million in Host earnings. Based on a first-ever analysis of Airbnb and OpenStreetMapdata, the data demonstrates the value Airbnb listings bring to underserved com...
Read MoreThe Italian city of Florence on Thursday announced an immediate ban on new short-term private vacation rentals in the Renaissance city’s historic center, part of an effort to draw full-time residents back to one of Italy’s most popular tourist destinations. Mayor Dario Nardella called the ban “daring” but legally defensible. “If we don’t try to take politically disruptive actions, no one makes a move,” Nardella said, referring to expectations that the Italian government would adopt a plan that so far allows only Venice to cap the number of days a property can be rented out at 120. FILE PHOTO: A view shows the Ponte Vecchio bridge and the Arno River in Florence. The Ponte Vecchio, or Old Bridge, crosses the River Arno at its narrowest point. REUTERS/Regis Duvignau “We are tired...
Read MoreAirbnb is offering a night for two in the Palais Garnier opera house in Paris this summer, transforming a box in the theatre into a plush bedroom with sweeping views of the famous auditorium. The "Phantom of the Opera"-themed stay - a nod to the novel by Gaston Leroux and Andrew Lloyd Webber's musical - comes as tourism bounces back in Europe after several years of pandemic disruptions, with visitors from the United States arriving in France in droves since last summer. A view shows the Loge d'honneur transformed into a bedchamber inside the Opera Garnier, during a media presentation of the space inspired by the Phantom of the Opera which will be rented through Airbnb to two people for one night, in Paris, France, January 3, 2023. REUTERS/Gonzalo Fuentes European capitals are als...
Read MoreConvinced that the boom in leisure travel is permanent, Airbnb aims to expand its listings by convincing more people to turn their homes into short-term rentals. The company said Wednesday that it will increase the amount of liability coverage for hosts, up to $3 million, in a play for owners of nicer houses in high-cost places such as California. It will also pair newbies with a “superhost” to guide them through the process of becoming a short-term landlord, from signing up through welcoming their first guest. More listings would not seem to be Airbnb’s biggest challenge. CEO Brian Chesky says the San Francisco company is taking steps to make price more transparent when consumers browse Airbnb listings, and he predicts that will reduce sky-high cleaning fees that many hosts tack...
Read MoreThe city of Amsterdam will allow residents of its historic centre to offer their homes to tourists again, after a court ordered it to scrap a ban on vacation rentals. Amsterdam’s left-wing city council last year issued an outright ban on rentals through Airbnb and other platforms in three areas that make up its central canal ring, in an effort to curb what it described as the nuisance caused by tourists in the old city centre. FILE PHOTO: People ice skate during a cold snap across the country at the Prinsengracht in Amsterdam, Netherlands February 14, 2021. REUTERS/Eva Plevier But in a case brought on by an association of property owners, a local court last Friday ordered it to lift this ban immediately as it had no legal basis. In a response, the city said that as of Tuesday ...
Read MoreThe COVID-19 pandemic has achieved what many mayors across Europe have tried and failed to do: wipe out tens of thousands of Airbnbs from city centres and so help lower rental costs for locals, in some places by as much as 15%. While Europe’s cities have long welcomed tourists, critics say the surge of properties listed on short-lettings site Airbnb in recent years had priced many locals out of their own housing markets, turning historic neighbourhoods into soulless spaces. Property management companies and landlords contacted by Reuters in cities including Lisbon, Barcelona, Prague, and Venice said the collapse of tourism in the pandemic meant some hosts had now replaced holidaymakers with mid- to long-term tenants, moved in themselves, or given up properties altogether. FILE PH...
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