The Airbnb Effect: How The Pandemic Is Driving This Travel Side Hustle

Remote work has been one of the rare benefits of the pandemic, and now nomadic workers are extending their stays for weeks, sometimes months at a time. According to Airbnb, the company saw an increase of 16% in stays over 28 days or longer (February/March 2022) compared to the same period in 2019.

A staggering statistic shows that one in every five nights booked on the Airbnb platform during Q3 was for a stay of 28 nights or longer.

This scenario helped Airbnb make over 55 million dollars in profit last quarter, suggesting the travel industry is finally bouncing back after two years of upheaval.

There is an opportunity for homeowners to make extra income by signing up to be an Airbnb Host.

The typical US Host earned more than $8,000 from January through September 2021, which represents nearly an extra month and a half of pay for the median US household. New Airbnb Hosts have earned $6 billion since the pandemic began, and for listings that were first activated and booked in Q3 2021, 50 percent received a booking within three days of activation, and 75 percent received a booking within eight days.