Airbnb said it had recorded a ‘disproportionate’ 31% rise in single-room listings on its platform in the third quarter, as more people seek extra income in the face of a cost-of-living crisis
Airbnb logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photosaid on Wednesday it had recorded a "disproportionate" 31% rise in single-room listings on its platform in the third quarter, as more people sought extra income in the face of a cost-of-living crisis.
"We have seen a lot of people being more interested than even before in hosting to defray their cost of living," Airbnb Chief Executive Brian Chesky said, as high inflation due to the Ukraine war puts fragile household budgets under pressure. Some popular tourist destinations have, however, blamed the company for aggravating housing shortages, as landlords increasingly rent out properties to vacationers amid a surge in travel, rather than going for long-term tenants.
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