Borders are closed, yet money is flowing to new Airbnb hosts

New type of hosts who appeared on Airbnb after the start of the epidemic have earned more than $1 billion. 

According to Airbnb.com, under the influence of Covid-19, people looked for safe, comfortable accommodations where they could contact their family members and friends, while at the same time they could create an economic opportunity of extra income for others who needed it by renting out their homes on the Airbnb platform.

Airbnb is an American vacation rental online marketplace company based in San Francisco. It maintains and hosts a marketplace accessible to consumers on its website or via an app. Through the service, users can arrange lodging, primarily homestays, and tourism experiences or list their properties for rental. Airbnb does not own any of the listed properties; instead, it profits by receiving commission from each booking.

According to a new Airbnb report, hosts who have just appeared on Airbnb, and who have listed property and greeted their first guest after the outbreak have already earned more than $1 billion in revenue globally. 

In the U.S., the typical new host earned $3,900, in revenue, according to the company’s announcement.

Globally, newly joined hosts earned more than $1 billion in revenue.