The global economic context is bringing a lot of disruption for French households. Record inflation rates that are regularly revised upwards lead many French people to ask questions about their financial income. Some choose to become Airbnb hosts to earn additional income and thus make ends meet. What about on the ground? Our concierge in Arcachon explores this question.
Rent on Airbnb to obtain new financial income:
The Airbnb rental is interesting in that it is particularly accessible. For both tenants and owners, taking advantage of the benefits of this platform is particularly easy. Only a few cities in France have endorsed measures aimed at endorsing new Airbnb listings on their territory. However, in the case of seasonal rental at only certain times of the year, the process is generally easy.
Renting on Airbnb has, for many owners, above all a financial advantage. The flexibility of rentals, rising prices during holidays or during events, but also the fact that this often does not require additional financial investment motivate owners who have been reluctant to register on the platform. Appreciated advantages and an operation that has particularly good press in relation to the recent vagaries of the coronavirus health crisis.
We note that most landlords on airbnb are there with a view to additional and not main income. The objective: to constitute an additional source of income while drawing its main income from a different and main professional activity. The flexibility of Airbnb rental, short stays with periods of availability set freely by the owners, make this system particularly interesting in this perspective of additional income, while limiting the financial commitment.
The impact of the cost of living on Airbnb owners:
Global inflation has a very strong impact on the rise in the cost of living. Among other things, the cost of energy and raw materials is increasing and necessarily impacting everything we consume on a daily basis, for pleasure but often out of necessity. This cost directly impacts the standard of living of many French households who were already laughing when "the end of opulence" was announced. If for some the standard of living has “only” fallen, for others it is a matter of lost financial security or on the edge.
Airbnb looked into the question, the result is clear: "more than 60% of hosts in Paris said they rented their house to make ends meet and nearly 30% said they hosted travelers to cover the rising cost of living. can we read on the airbnb.fr website.
It is thus noted that financial difficulties affect many households and that they try to adapt as well as possible with their means. The fact of owning and having the opportunity to rent a home or part of one's main residence stimulates resilience. Seasonal rental is sometimes perceived as an emergency situation and is temporary, the time to adapt and turn around financially. For others, it's a stepping stone: talking with the owners, we realize that some first rented on Airbnb for the financial challenge that this represents and then gradually took a liking to this to make meeting and exchanging an equally important motivation. Nora Analysis, director of our concierge service in Arcachon.
Major events offer new opportunities according to Airbnb:
In this short-term perspective, Airbnb highlights the interest of major events. The latter are able to bring in a large number of visitors looking for accommodation for a short period while driving up the prices of short-term rentals for a short period. An opportunity to be seized for owners who do not wish to make seasonal rental a regular income but rather a one-off useful to overcome the crisis.
Paris Fashion Week, Heritage Days and Champagne Nights are cited by the travel company as interesting events for owners. But this list is of course not exhaustive and it is up to the owners to judge the potential impact of local events to create a source of additional and occasional income. For example, Airbnb explains for Fashion Week 2019, the median income of owners was 550 euros, a particularly attractive sum for a shortened duration.
