With the travel industry healing from the pandemic, this article will outline how to start an Airbnb business and get a piece of the pie with a particular focus on our Airbnb financial forecast. You can also check out our video on how to create financial projections for an Airbnb business or property.
In fact, a survey revealed around 62% of people are planning on traveling. As we continue to fight the global pandemic and the stay-at-home orders lifted, more people are hoping to take a vacation.
However, a more recent report by Mashvisor shows the industry is on the mend. A 2020 survey revealed that 70% of guests were afraid to stay at an Airbnb while 47% of hosts were hesitant about renting out to strangers. The global pandemic hit the travel industry especially hard with all of the stay-at-home orders around the world. With 5.6 million global listings, more than 900 million stays were booked through the application with an average host earning $9,600 annually.Īirbnb finished one of their hardest years on record, 2020, with an IPO worth an impressive $100 billion. Airbnb, part of the travel industry, has some remarkable statistics.
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