Considering Airbnb for your next holiday?

With school holidays upon us, many opt for a family vacation, and apparently most look to Airbnb. Airbnb was founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk. The “air” in Airbnb came as a result of Brian Chesky and his roommates renting an air mattress on the living room floor. Now, 14 years later,  Airbnb has an estimated value of $74.22 Billion!

Here we share some interesting statistics on Airbnb.

Guests

  • The average stay is 4.3 nights
  • Guests of Airbnb are most likely to be millennials who state ease and convenience among their main reasons for staying at Airbnb’s
  • 54% of Airbnb guests are female
  • 15% of guests are between the ages of 18 and 24, 36% are between 25 and 34, and 13% are aged 55 and older
  • 95% of surveyed guests choose Airbnb for ease and security of payment
  • 86% say the location of their Airbnb is more convenient than a hotel
  • 64% agree that home-sharing is more ecologically or environmentally friendly
  • 43% indicate functionality is their top valued amenity
  • 58% of millennials indicate social media is a major factor in booking decisions
  • 46% of Australian guests value air conditioning over wi-fi
  • Australian guests tend to value free parking over a pool
  • In December 2019, 10.4 million guests stayed in an Airbnb for the holidays; 2,574 stayed in castles, 1031 stayed in treehouses, and 121 stayed in windmills

 

Hosts

  • Women are slightly more likely to register as Hosts on Airbnb
  • On average hosts earn $13,800 annually
  • 22% of hosts indicate they chose to host after first being an Airbnb guest
  • Senior women are consistently rated as ‘the best hosts’ on Airbnb

 

Businesses Statistics

  • The Airbnb workforce includes more than 14,000 employees in 34 offices worldwide
  • The Airbnb workforce is 52.5% male
  • 77.9% of Airbnb engineers are male
  • 75% of Airbnb employees felt their pay was fair
  • The company has over 400 agreements with local and national governments to automate the collection of tourism taxes, collecting over $2 billion in tourism-related taxes through these agreements
  • Airbnb has several top competitors, including Expedia Group, HomeAway, Booking Holdings (formerly Priceline), VRBO, Trivago, and Booking.com

 

Hotels vs. Airbnb

  • As a direct consequence of Airbnb’s success, hotels are adding home-rental offerings to their portfolios
  • Over 50% of Airbnb guests choose to stay at an Airbnb over a traditional hotel
  • 400,000 companies directly engage with Airbnb to manage travel for their employees
  • The average work stay with Airbnb is 5 days

 

It is evident that staying in an Airbnb is a popular choice. You not only have the convenience of holidaying amongst the locals but residing in a cosy home is far more comforting as opposed to a hotel room. 

At Aviso Broking, we save you time and give you peace of mind by helping you find the right insurance solution to suit your needs. Our team of specialists is here to do the hard yards and help you choose the right insurance solution to suit you, your business and your budget. We know that no two businesses are alike and we can help you to avoid a one-size-fits-all approach. It’s all about getting to know you, understanding the risks you can afford to carry, and protecting you against those you can’t.

Feel free to drop into one of our offices, email insurance@avisobroking.com.au or give us a call 1300 908 404.

More articles

Search our website