Discover how to make money from Airbnb in South Africa!
Beyond its popularity for locals, Airbnb is bringing tourism to unexpected gems outside the usual tourist hotspots like Gauteng and the Western Cape.
Less popular tourist destinations are doing well
The 2023 Airbnb Report highlights a remarkable growth of over 125% in demand for short-term rentals in unique cities like Mafube (Free State), Impendle (Kwa-Zulu Natal), and Nala (North West) since 2019.
This trend isn’t just good for travelers; it’s a game-changer for local hosts, many of whom are everyday homeowners looking to make ends meet in today’s challenging economic climate.
Facts with insights from the 2023 Airbnb Report
Over half of Airbnb hosts share that they opened their homes to guests to cope with the rising cost of living. For 44%, hosting has become a lifeline. But, before you dive into the exciting world of short-term rentals, let’s talk about the real deal.
While the perks of extra income and flexibility are tempting, there’s a bit more to consider.
- Managing a short-term rental means higher operational costs.
- Think cleaning, maintenance, and handling check-ins with a revolving door of guests. Oh, and don’t forget about Airbnb’s service fee, around 3% of the booking subtotal plus VAT.
So, how do you make the most of your short-term rental venture?
- It’s all about strategy and a touch of hospitality magic.
- Use dynamic pricing to your advantage, keep your clean, and invest in quality furnishings.
- Take high quality pics and an appealing description.
- Encourage guests to share their joy through positive reviews, stay in the loop with prompt communication, and maybe consider a property management agent for a stress-free operation.
- Personalize the guest experience with thoughtful touches like welcome gifts and local tips.
- List your place on multiple platforms to reach even more eager travelers.
The short-term rental game is a wild ride, but with the right moves, it can be a win-win for hosts and guests alike.
