Barcelona Airbnb host “manages rentals worth £ 33,000 per day” | Cities

An Airbnb ‘host’ manages a portfolio of 204 apartments in Barcelona worth € 37,721 (£ 33,369) per day in rental income during peak season, a data organization set up to study the tourist apartment industry has found in Spain.

The Spanish city’s 10 largest hosts collectively manage 996 apartments, while another 666 manage five or more, and 3,633 host between two and four, according to the DataHippo report. In total, the rent for licensed vacation apartments rented through Airbnb and other platforms amounts to 1.5 million euros per day.

The findings appear to contradict the ‘shared economy’ image projected by Airbnb and other players in the online apartment market, and come as city authorities grapple with mounting evidence that the massive upsurge in tourist apartments is pushing up. rents and scares residents away.

Prior to the introduction of a moratorium in April 2014, Barcelona city authorities granted unlimited vacation rental licenses at € 230 each, creating what has been described as a real estate gold rush. Owners simply had to notify the local authority of the change in use of their property in order to obtain a permit. These same licenses now have a market value of around € 80,000 each.

Responding to DataHippo’s findings, Airbnb said that “the vast majority of hosts in Barcelona are regular people and 76% of hosts only have one full listing. Only 4% have more than 10 ads.

Andreu Castellano, Airbnb’s communications director, argued that DataHippo’s findings show Barcelona city council needs to change its rules.

“While the vast majority of guests are regular locals, over 80% of accommodation licenses are held by major hotels and real estate agents,” Castellano said. “We strongly believe that everyone should benefit from visitors to Barcelona – not just hotels – and we are making good progress with policymakers on clear and modern rules to support local families sharing their homes.”

Airbnb has long complained that the ban on new licenses has encouraged speculation, even if it is the opposite of what was expected.

“The regulations in Catalonia and Barcelona are seen exclusively from a professional point of view… they do not take into account the fact that people can offer space in their own home,” said Castellano.

Abigail Long of AirDNA, an independent analytics company that collects data on short-term rentals around the world, said DataHippo’s results only told half the story.

“These ‘multi-listing’ Airbnb hosts are not individuals making tens of thousands of dollars a month in profit,” Long said. “These are vacation rental management companies (VRMs) that employ a team of staff to manage a portfolio of properties owned by their clients. VRMs typically take 10-30% of revenue made on a booking site.

“Airbnb is rapidly evolving from an ‘alternative’ accommodation platform for budget millennials to a marketing and booking platform rivaling the biggest players in the travel industry,” said Long.

“Many new listings currently being added to Airbnb are bed and breakfasts, boutique hotels, and very high-end properties, which would also partially explain several listings managed by a host.”

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