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PEOPLE USING THE Airbnb service to host guests in their homes in Dublin collectively earned €52 million last year, according to a new report commissioned by the company.
The report found that the average annual earnings of a typical host was €4,900 (with some earning more and others earning less).
Airbnb is a homesharing website that allows people to rent out rooms or their homes to travellers on a short-term basis, with the cost decided by the renter.
Since it was founded in 2008 in San Francisco, the company has grown enormously around the world.
The number of hosts in Dublin has shot up in the past number of years – with a 100% rise in just a year.
6,100 hosts let out part or all of their properties at some point for guests last year, compared to 2,960 hosts between October 2014 and September 2015.
As well as this, income earned from letting has also almost tripled: from €17.3 million in 2014/2015, to €52 million last year.
The vast majority of the lettings (5,200) were in the Dublin city area.
The majority of Airbnb hosts are required by Revenue to pay tax on the money they earn. TheJournal.ie has sought clarification on whether the top line figure of €52 million is before or after tax is deducted.
The report
The report – entitled Homesharing: The Positive Impacts on Dublin – also found that guests staying in Airbnb dwellings spent an estimated €221 million in Dublin last year.
In total, 403,500 guests stayed at properties in the capital hosted via the service.
Exactly half of all lettings were for private rooms. Meanwhile, just under half (47%) of listings were for an entire home.
In the case of an entire home listing the entire property is rented out by a guest and the host is not present in the building for the length of the stay.
The report also found that the vast majority of hosts (88%) shared their primary home. However, the report does not contain information on how many hosts put up more than one property for listing.
According to information on the data website Inside Airbnb compiled last August, almost half of hosts in Dublin have multiple listings on the website. These can be for separate rooms in the same building or for different buildings entirely.
TheJournal.ie has sought information from Airbnb on how many hosts have multiple dwellings.
Other notable figures from the report include:
Criticism
The home sharing service has come in for some criticism recently, and may be subject to stricter regulations in the future.
In October, An Bord Pleanála upheld a Dublin City Council (DCC) ruling that an apartment owner in Temple Bar needed to apply for planning permission if they want to continue to rent the property out via Airbnb.
This ruling was supported by Housing Minister Simon Coveney at the time. A working group is also being set up by Government to review if new regulations should be introduced.
Sinn Féin TD Eoin Ó Broin last week raised the issue in the Dáil with Coveney, calling on new laws to be published to regulate the market.
“Sinn Féin is not against the principle of Airbnb as it was originally designed however it is my view that renting out a room in your home is entirely different to renting out your entire property,” Ó Broin said.
Ó Broin argued that people using properties as “full-time B&Bs” was negatively affecting the property market in Dublin.
There are currently 1,494 listings for Dublin on rental property website Daft.ie.
Commenting on today’s report, Aisling Hassell, site lead and global head of customer experience at Airbnb, said that the service allowed families to boost their income and helped the local economy.
“Hosts provide great experiences for guests, spread visitors and benefits beyond tourist hotspots and give an economic boost to local families, businesses and communities,” she said.
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Were the people of culture fighting at the boxing championship in castlerea amongst themselves again
@Dan Breen: You spelled ‘white’ wrong.
Mawdsley is an Anglo-Norman name originating from Lancashire.
Hard for intellectual pigmies to grasp but ‘Irishness’ extends a lot further than where you were born.
By your reckoning, am I to take it that you begrudge Phil Lynott & Paul McGrath? I’m sure you were more than happy to cheer them on when swilling your pints and wearing the green jersey.
What about Shane McGowan – you know that lad who was born in England and sang a load of songs about how poorly immigrants were treated abroad, how they turned to drink and drugs and sleeping rough on the Streets because society saw them as second class. I bet you’re happy to idolise the Pogues as being ‘true irishness’ whilst carrying on with the kind of actions that they would have disowned you for.
Are you actually capable of any spec of rational, critical, independent thinking at all or has your bitterness with your life and your fear of insignificance left you that open to being manipulated into blindly following whatever it is your online puppeteers are feeding you.
Read. Learn. Grow up.
@Wombleman: he’s not worth a response!
@Richard Toomey: I reported him so hopefully a good hefty ban is coming his way. I see the comment was taken down.
Overall, a frustrating & disappointing evening on the track. Can’t begrudge the Austrian lady winning her appeal & ‘taking’ Sharlene’s place….frustrating but it is what it is. Its best to get any hiccups/ kinks sorted now before Olympics in Paris. Really think this is going to be a great year for Ireland in France– we have some brilliant athletes competing & best of luck to them.
Tough decision especially as she probably had the pace to finish ahead even without stepping across. Looking at it without bias it was probably the correct decision.
@John K: 100% John, disappointing as it is the correct ‘call’ was made, Sharlene definitely faster than the Austrian lady but ‘c’est la vie’
@John K: she’d have kept her place if it was horse racing
Omg wow. Puts things into perspective! Innocent families children been murdered in Israel’s conflict. Shame on Israel, Jesus weeps . I am not anti semitic, I am calling it out as it is . Murder and modern day ethnic cleansing. U think Jewish would learn from Hitler,l!. Families fearful for their lives worrying what’s going to happen. Shame on Israel, a country I admired, now putting ur historic moment against innocent people. Israel stop please. How about love and peace. War is not what Jesus wanted … not this. Imagine what would happen if everyone just say, SORRY. Let’s move on together ,
@Brian O’Connor: Who’s jesus?
@Alan Kennedy: Google it.
@Alan Kennedy: Plays for Arsenal. Having a decent season this year.
@Sal Paradise: Ah yes, that lad! Not as good as Mohammed!
Palestine now formally recognised in my Heart and forgiveness to Israel as always in my heart too ❤️ PEACE TOGETHER
@Brian O’Connor: forgiveness to Israel?
That’s nice of you, but I wouldn’t think the Palestinian people feel the same way after watching there children blown to pieces,
whatever happened to ‘never again’?
It’s absolutely disgusting what’s going on over there!
That ***ing ridiculous
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