More Arizonans are renting rooms on Airbnb as inflation rises

With inflation hitting our wallets, more and more Arizonans are renting out rooms in their homes to earn extra cash, according to Airbnb.

State of play: 41% of U.S. Airbnb hosts say one of the reasons they rent out their properties is to make money to help cover rising prices, according to a survey by the company.

By the numbers: A typical host in the United States earned over $13,800 in 2021.

• This is 85% more than in 2019.

Zoom out: New hosts worldwide earned a combined total of over $1.8 billion in 2021, up over 30% from 2019

Yes, but: Not everyone likes Airbnb. Neighborhoods in the Phoenix metro area and tourist towns like Sedona have attempted to enact regulations against short-term rentals, as they sometimes attract loud parties and other nuisances.

• However, state law limits the ability of cities to regulate these types of rentals.
• Arizona’s attorney general recently ruled that an order by Paradise Valley to curb Airbnb parties violated state law, Arizona Mirror reported.
• Phoenix and Scottsdale adopted lighter regulations, such as requiring hosts to respond to police calls within the hour and posting contact information for emergency contacts at their properties.

To note : Airbnb tries to prevent tenants from hosting parties.

• The company instituted a temporary party ban in 2020 and made it permanent this year.
• The company saw a 55% decrease in the number of parties reported in Arizona after the ban was enacted, The AZ family reported.