With the rise of UK staycations, renting out your spare room on Airbnb could be the perfect form of second income, with tens of thousands of homeowners across the UK now listing their spare room on the site.
Renting out your spare room on Airbnb is a popular form of second income, with tens of thousands of homeowners across the UK now listing their spare room on the site. But how much could you really be making on Airbnb? And how does this compare to the amount you could make officially renting your spare room out on a more permanent basis?
Vanquis wanted to find out just how much profit can be made from this DIY business model by looking at the UK’s 21 biggest cities and calculating the average amount homeowners could make listing their spare room on Airbnb or renting it out permanently.
Some data featured in the study:
- Cardiff is the most profitable city to host an Airbnb
- London is the most profitable city to rent in
- Across the 21 cities, 7 of them were better to host Airbnb in rather than rent
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
