Airbnb has provided an extraordinary opportunity for thousands of entrepreneurial homeowners to monetize their property—whether it has been renting out a room or the entire house. In some locations property owners have even garnered enough profits to cover their monthly mortgage and then some. If you’ve been wondering if you should buy a second property or rent out the home that you already have but are unsure of what kind of profit you could make the folks at Homes.com have done the research for you by breaking out the math. See how your fair city stacks up (or doesn’t) in the real estate sharing economy.
Using Airbnb’s data, Homes.com determined which American metropolitan areas yield the highest and lowest rental prices and how much profit a homeowner could make, in addition to determining which cities provide the best opportunities for Airbnb’ers to make the most money in the quickest period of time. The results of their research are below outlining the cities that are most desirable for renters and which ones to avoid if you are planning on using your property as a moneymaker.
In a bid to boost its local tourism industry, Morocco is going to start to taxing Airbnb and travel site, booking.com from next year. The government believes the move will help local hotels and travel agencies to stay competitive as international holiday-makers increasingly use the travel services, which end up cutting some of the local players.
The tax is part of Morocco’s push to ensure that profits are kept onshore as services become decentralized and move online. Examples include a recent decision to suspend ride hailing app Uber since February.
Two years ago, Sarah Kesseler published an article titled “The Sharing Economy is Dead, and We Killed It.” In it, Kesseler details how, what was once the beginning of a bail-out for an economy that was crumbling, is coming to an end.
The sharing economy, alternatively called the collaborative economy, has a number of definitions, depending on who you ask. Ultimately, the sharing economy, which comes with the recent advent of new-age capitalism, claims to be an alternative to the current mode of economy. It is built on the notion that individuals can exchange – or share – their goods or services with one another in economic transactions through ‘aggregate platforms.’
Over the past decade, a number of platforms have taken flight as part of the sharing economy, labeling themselves startups, and taking the world by storm. Platforms like Uber, Airbnb, Amazon, eBay, and countless others are not only children of the sharing economy, but are also perpetrators of its alleged killing, to use Kesseler’s words.
Airbnb’s salvo last week against City Councilor Michelle Wu for her stance on short-term rentals surprised many. Even in the sharp-elbowed world of Boston politics, public attacks by an out-of-town company on a city councilor are rare.
But it popped the lid off the simmering debate over Airbnb’s future in Boston as the council and Mayor Martin J. Walsh try to hammer out rules to govern the booming short-term rental industry. At stake are hundreds of millions of dollars, with powerful interests on both sides.
For two months in public, and in two years of quiet meetings before that, a vast array of interests has been wrestling over an industry that’s changing the way people visit Boston and — some say — turning too much of the city’s scarce housing stock into hotels for out-of-towners.
Airbnb said its Malaysian hosts welcomed over 1.5 million guests in 2017, representing a 137% year-on-year growth in guest arrivals, the highest growth rate among the company’s Southeast Asia markets.
On a city level, Kuala Lumpur saw 510,000 inbound guest arrivals, while Georgetown had 210,000. Johor Bahru and Petaling Jaya had 130,000 and 80,000 inbound guest arrivals respectively. Currently, there are more than 31,900 Airbnb listings in Malaysia and the hosts have received travellers from 176 countries in their homes and communities.
Meanwhile, the company also launched its Global Office of Healthy Tourism, a global initiative to drive local, authentic and sustainable tourism in countries and cities worldwide. It will create a new Tourism Advisory Board comprising travel industry leaders across the globe.
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