says it is witnessing strong demand in the Europe, Middle East and Africa region, with the typical South African host earning more than R12 900 on average, this past winter.
The report notes people who rent their homes on Airbnb use the income they earn to stay afloat in difficult economic times, while travellers who use the platform enjoyed longer stays and spent more money in the third quarter. “We’re also seeing hosts earning more than ever before. Last year, the typical host on Airbnb in South Africa earned more than R25 400 and total host earnings globally have increased by 30% in Q3 compared to the same time last year.
According to a recent survey, almost half of host respondents said the money they earned through hosting helped them stay in their home, 46% noted they used the extra money to pay for food and other items that have become more expensive, while one in 10 said it helped them avoid eviction or foreclosure.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »