Airbnb Launches New Tool to Estimate Monthly Income for Those Considering Hosting
Travel is coming back, and Thailand residents looking to earn extra income through hosting on Airbnb could make an estimated THB 8,724 monthly*.
This is according to Airbnb’s What’s My Place Worth tool www.airbnb.com/host/homes, a new resource rolled out by Airbnb for prospective Hosts to calculate their potential monthly income. The interactive tool computes the estimated income through inputs for geography, type of listing and space and factors in prior Airbnb booking data in the area.
In Bangkok, for example, the THB8,724 in estimated monthly income through hosting represents important revenue for prospective Hosts, as Thais continue to struggle financially during the COVID-19 pandemic-induced economic downturn. For many, hosting on Airbnb has provided a social safety net to help stay afloat in these unprecedented times.
For those considering hosting, now is the time. As Airbnb’s recent consumer polling in Thailand found, there is pent-up demand for travel as people yearn to get out of the house and connect after months of pandemic-caused isolation, and the type of meaningful travel enabled by Airbnb is the kind of travel people will continue to seek even after the pandemic ends.
Latest YouGov data indicates that travel with immediate family will be the #1 reason for domestic travel amongst Thais this year. Thais are also seeking affordable and safe travel options that make them feel at home, with quick getaways and nature retreats likely to gain traction.
The What’s My Place Worth tool is one of many resources Airbnb has for prospective Hosts, all of which can be explored at Airbnb.com/host.
*The earning estimate for Bangkok stated here is for an entire home listing with a guest capacity of 4. It is based on booking data from the past 12 months for that area, and calculated by multiplying a nightly price by the total nights of occupancy.