Start budgeting and making plans for your holiday getaway.
We’ve now reached the long Christmas holiday season and for many, this is the moment where families, friends, and even solo travelers plan on taking a break. If you’re one of those, you might want to consider planning ahead and checking on your budget to avoid future hassles.
One way of funding your upcoming trip is through Airbnb. Yes, you can earn some extra money by joining Airbnb’s Host community and we’re here to speak facts and facts only.
In a recent survey conducted by Airbnb, over 25% of Filipino hosts use the money they earn from hosting to go on a vacation. Also, almost a quarter of hosts share their space with guests while they travel for work or leisure.
Perks of being an Airbnb host
With more travelers looking forward to relaxing and staying longer, this is the best time for you to share your space and fund your next getaway.
You can take some inspiration from Airbnb Superhosts Emily Avelino and Dwyane Yra Dinglasan.
Emily’s been an Airbnb Superhost for over five years now and has listed her family’s Cabin in the Clouds and Blackbird Hill Home in Tanay, Rizal. Since then, they were able to afford overseas trips to spend more time and catch up with their family.
“Recently, we were able to visit immediate family in the USA, which we had not been able to do in the past few years,” Emily recounts.
For her, getting the chance to spend time and create memories with loved ones has been her biggest plus from hosting aside from the additional financial empowerment.
“Hosting our properties on Airbnb also allowed us to save up and travel abroad, and share many memorable milestones with the family including road trips, birthdays, and long-awaited reunions,” shares Emily.
Like every wanderer, Dwyane enjoys discovering new and must-see travel destinations in the Philippines. She’s also enjoyed the benefits of being an Airbnb host.
“With the additional income from my Airbnb listing, I now have the opportunity to travel and visit new places in the Philippines — places I would not have been able to go without the extra income. It’s a great opportunity to get to experience new things,” Dwayne shares.
“It’s always great to stay in extremely beautiful homes when vacationing in the Philippines and to get to live different lifestyles is very refreshing. These experiences along with being able to make new friends and meet new people are definitely memorable!” she adds.
Knowing your place’s worth on Airbnb
Airbnb has a “What’s My Place Worth” tool to help you compute possible income from listing your place based on the location, type of listing, space, and other factors based on Airbnb’s booking data in an area.
For example, if you have an entire place for rent, Airbnb assumed you can host up to four guests; if you’re listing a private room, that counts to two guests; and a shared room can accommodate one guest.
Airbnb can take the median night price (before expenses, fees, and taxes) based on the booking data gathered in your area by Airbnb from the last 12 months. They then multiply the price by the total number of occupied nights to get the estimated monthly earnings.
Where to use your Airbnb funds
If that confused you, the following Airbnb listings might help you visualize it.
Hosting an entire unit or property in Metro Manila can potentially give you a monthly income of P40,000. These earnings could cover a 3-day stay for a group of six at the beautiful Planta Betis Family Villas in Guagua, Pampanga. If you enjoy a private stay and nature, this is a perfect weekend staycation for you and your loved ones.
Having a property in Batangas or in the Calabarzon area can help you earn an average of P2,200/night. A week’s hosting could help cover your weekend stay for five in the iconic Treehouse de Valentine in Balamban, Central Visayas. The place is nestled within a quiet forest, complete with a luxurious rustic treehouse.
Planning on taking an off-the-beaten-track? Hosting a private room in Quezon City could generate approximately P18,000 per month. That’s equivalent to a 5 night’s stay at The Backyard Glamp in Doña Remedios Trinidad, Bulacan. It can accommodate up to 5 guests, so you and your buddies can enjoy the ultimate glamping experience with a pool, grill area, and even light up a bonfire at night.
There are still tons of undiscovered places to stay on Airbnb, so if you also have extra space for listing, you can easily achieve the vacation of your dreams.
Featured Image Daniella Sison