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Airbnb hosts use the platform’s earnings to pay for groceries, rent, and mortgages — but these 3 US states are more lucrative than others

As Prices Rise Everywhere, Airbnb ABNB,
-1.42%
Hosts report that their hosting money has become indispensable money.

More than a third of Airbnb hosts around the world said the home has helped them meet rising living expenses.

The accommodation provider this week conducted its annual survey examining how users interact with the platform. This year, the survey focuses on global inflation and asks how use of the platform is affecting hosts and guests.

While more than 40% of hosts say that income generated through the platform is earmarked for additional expenses, a similar percentage say they rely on that money to make ends meet. As groceries have become more expensive, nearly half of hosts around the world said they use income to buy necessities like groceries.

According to the Food and Agriculture Organization of the United Nations, the FAO Food Index — an index that tracks monthly international price movements — is up nearly 30% in April compared to a year ago.

Nearly 45% of respondents say that guests’ money has enabled them to stay in their home and contribute to their rent or mortgage payment in the past year.

Almost 45% of respondents say the money has enabled them to stay in their home and help pay their rent or mortgage.

The company reports that hosts are making more money as people show greater willingness to travel — a typical US host made a median income of $13,800 in 2021, an 85% increase since 2019.

California, Florida and Texas are the top three states — and three of the hottest real estate markets in the country — where new hosts earn the most in the USwhich grossed $270 million, $265 million, and $170 million last year, respectively.

The vacation rental company reported a strong first quarter earlier this year. With a record year in 2021, the company said its performance showed a full recovery from the impact of COVID-19.

Airbnb Chief Executive Brian Chesky said on the company’s conference call, “People are also more confident about booking trips further in advance, and we’re seeing strong demand for summer bookings and beyond.”

https://www.marketwatch.com/story/airbnb-hosts-use-income-from-the-platform-to-pay-for-food-rent-and-mortgages-but-three-u-s-states-are-more-lucrative-than-others-11653070472?rss=1&siteid=rss Airbnb hosts use the platform’s earnings to pay for groceries, rent, and mortgages — but these 3 US states are more lucrative than others

Brian Lowry

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