June 22, 2017

Icelandic Airbnb Hosts Earn More

Woman is installing Airbnb application on Lenovo tablet
Copyright: baloon111 / 123RF Stock Photo

Airbnb hosts in Iceland earn more than their colleagues in other countries, or an average of ISK 1.6 million (USD 16,500, EUR 14,000) per year per apartment located in Reykjavík city center, Vísir reports. The total revenue of hosts in Reykjavík was ISK 5.3 billion last year (USD 53 million, EUR 47.3 million).

This data comes from Dr. Jeroen A. Oskam, who researches the development of the tourism industry and directs the European Tourism Futures Institute at Stenden University in the Netherlands. Oskam holds a lecture in Reykjavík tomorrow on the impact of Airbnb at a meeting held by the Icelandic Travel Industry Association.

According to Oskam, Icelandic Airbnb hosts earn an average of USD 3,500 (EUR 3,100) more than the second highest earning hosts in the world, those in London’s Westminster neighborhood. Barcelona hosts, who have enjoyed a huge stream of tourists for years, earn about USD 8,600 (EUR 7,700), or roughly half that of Icelandic hosts.

“What is most surprising about Reykjavík is that considering how small a city it is, the percentage of guests using Airbnb is in no way consistent with that of other cities. In the year 2015, there were 1.1 million Airbnb guests […]

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