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SOUTH AFRICANS RAKE IN R24,37 MILLION FROM AIRBNB

Airbnb has proved a lifesaver to many South African women hosts, giving an especially welcome financial boost to single mothers, according to latest statistics released by the hotel and guest lodge booking platform.

In the report, Across the BRICS: How Airbnb Connects the Emerging Economies, the platform detailed how the service contributed towards gross domestic product (GDP) in Brazil, Russia, India, China and South Africa.

"South Africa has seen the strongest growth in guest arrivals from BRICS nations at 380%, with explosive year-over-year growth in guests arriving from Brazil, by a factor of nine. South African hosts' total income earned from BRICS-based guests ranks the highest of the five countries at $1,88m (about R24,3 million)," the report read.

"The typical woman host in South Africa earned nearly $2 000 (R25 917.10) last year, more income than earned by the typical women hosts in other countries. More than 60% of women hosts in South Africa are Superhosts V hosts who are specially designated by Airbnb as hosting guests frequently, receiving a high number of five-star reviews, and being exceptionally responsive to guests and committed to reservations with 60% of South African women hosts with children, i.e., single mothers, use (sic) their Airbnb income to help them stay in their homes," it said.

About 5,3 million Airbnb users from developing nations generated more than $467 million over the past year, according to the latest statistics released by the app.

The year-on-year growth rate of intra-BRICS guest arrivals was reported at 134%, according to the study.

With interest in travel and tourism on the rise, reaching 10% of global GDP in 2017, Airbnb allows BRICS countries to benefit in their share of the income, said the report.

Airbnb is an online marketplace and hospitality service that helps people lease or rent short-term lodging, including vacation rentals, apartment rentals, homestays, hostel beds or hotel rooms with 97% of the listing price going directly to hosts. V Source: www.fin24.com


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