Irish Airbnb hosts earned over €115m final 12 months

Irish Airbnb hosts earned over €115m final 12 months

Airbnb continued to grow in popularity in Ireland in 2017, with a new report showing guests increased by nearly two thirds as a total of 1.2 million rented Irish properties.

The numbers of listings reach 8,500 in Dublin County, and the vast majority of Airbnb hosts (70pc) rent out their primary home.

According to the firm's first Irish insights report, we have enjoyed an inbound guest growth of 63pc and a typical host here earns around €3,500 annually (average listing being shared for 37 nights).

Nearly 1.2 million guest arrivals was reported by Airbnb during the 12 month period, with 70% of hosts using their own home to put up the visitors.

A new report says short-term rental website Airbnb has generated an estimated €506m for local residents and businesses in Ireland.

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And it seems the local economy is reaping the benefits as guests spend an average of €111 a day.

Earlier this month, Eurostat data showed that Ireland was one of the most popular homesharing destinations in Europe.

Nearly half (41pc) of the spending by guests takes place in the neighbourhood where they are staying.

The average age of an Airbnb host is 45 years, and the average number of years a host has lived in their neighbourhood is 26. Some 676,000 Irish guests used Airbnb in the year to November 2017, and 17 per cent of those travelled domestically.

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