2 Airbnb Hosting Business Success Stories [2024]
Do you have an extra room or an unoccupied house in your home? You can turn that property into a revenue-generating asset by starting an Airbnb listing. Airbnb is one of the worldβs largest accommodation platforms. According to experts, Airbnbβs future is undoubtedly bright.
Therefore, starting an Airbnb business can be rewarding. To start, prepare your Airbnb listing and set it up accordingly. To increase bookings, offer the best services, and encourage the guests to leave a positive review.
In this list, you'll find real-world airbnb hosting business success stories and very profitable examples of starting a airbnb hosting business that makes money.
1. Home Sweet City ($3.24M/year)
Lara and her husband started Home Sweet City during the 08/09 crash when they needed to generate income. Starting with their own basement on Airbnb, they quickly realized the potential and scaled the business to now managing 75 properties and generating a $2.7M+ annual turnover. They have been able to create a profitable and flexible business while being present for their young family.
How much money it makes: $3.24M/year
How much did it cost to start: $2K
How many people on the team: 6
A D.C. based full-service short-term home rental management company that began out of a small studio earning $2.4k-$3k per month has now grown to managing 75 properties, generating a $2.7M+ annual turnover, with plans to roll out a digital product, proving that testing an idea in the cheapest and fastest way possible can lead to success.
2. Host Butlers ($420K/year)
Gary Fox, founder of HostButlers, came up with the idea for his business while staying in various Airbnb rentals during a trip to Washington. After experiencing mixed hosting experiences and realizing the time-consuming nature of hosting, he saw the opportunity to create a professional property concierge service for Airbnb hosts. He validated the idea through a SurveyMonkey form and launched the business with a basic website, targeting potential hosts during a tech event in Dublin. One article in The Irish Times changed the future of his business, resulting in a flood of inquiries and customers.
How much money it makes: $420K/year
How many people on the team: 4
HostButlers is Ireland's first professional property concierge service for short-term rentals on Airbnb, boasting over 200,000 hosted guests and profitability from month 5.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
