Airbnb’s third wealthiest earner is from Cape Town, no surprise here considering how loved the city is.
According to AirDNA, a data and analytics firm operating around the massively-popular accommodation booking app, the unnamed landlord owns 114 local properties. He has reportedly earned R109-million from October 2016 to September 2017. Currently there are 13998 active rentals in the Mother City, with an average daily rate of R1221.
However, management companies representing Airbnb say it is unlikely that an individual is earning this figure from bookings. Managing director of Airbnb management company Superhost South Africa, Greg Schneider said, “It would be very hard to hit those numbers as a management company. To make R109-million annually from 114 properties, landlords have to earn R95 6140 a property or R2619 a day, with the property booked out every day during the year.
The Cape Town-based landlord’s ranking follows a Bali property owner, second highest global Airbnb earner, who earned R223-million with a tally of 504 properties. First on the list is a London-based landlord, owner of 881 properties and earning a cool R224-million last year.
This comes amid reports that a large number of local Airbnb properties were illegal, as confirmed earlier this year by the City’s Mayco Member for Transport and Urban Development, Brett Herron.
Photography Kendall Leigh-Nash / HM Images