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Airbnb: A Great Way to Earn a Supplemental Income in Colorado!


We know that Colorado housing market is booming. What about short-term rental?

The online short-term rental service, Airbnb, has shared the favorite users’ Colorado’s counties in 2018.
According to the company, approximately 19,000 hosts in the Centennial State share their property on Airbnb. Last year, these Airbnb hosts generated a total of $309 million in supplemental income thanks to their short-term rental.

So, what does it look like per city?

  • Denver County: it was the first destination. 500,000 users for a total of $74.6 million
  • Summit County, popular for ski and outdoor activities. 275,000 users for a total of $51 million.
  • El Paso County: 146,800 arrivals; $17.6 million
  • Boulder County: 115,100 arrivals; $22.9 million
  • Larimer County: 93,000 arrivals; $13.6 million
  • Jefferson County: 89,500 arrivals; $12.3 million
  • Grand County: 78,600 arrivals; $11.6 million
  • Eagle County: 60,600 arrivals; $19 million
  • Routt County: 54,600 arrivals; $10 million
  • Adams County: 52,800 arrivals; $5.7 million

Airbnb also launched two new features in Colorado in 2018. One of them is Airbnb Plus, where users can find unique, design-focused properties that have been approved in person by Airbnb. These homes offer "handcrafted" activities.

According to the company, a lot of Colorado hosts (18%) are 60 years or more. Which means that a lot of seniors use Airbnb as a way to earn an additional income.  

 

Source: www.bizjournals.com

By Caroline Germano - Jan 16, 2019

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