More than 10 Airbnb hosts in Dublin are earning more than €100,000 a year according to AirDNA, a US-based company that analyses the global Airbnb market.
Dublin’s biggest earner is a six-bed apartment in the south city centre that generates € 163,495 a year. Its average daily rate is €651, which implies occupancy at the average rate for 251 nights of the year. Another big earner is a seven-bedroom property in Drumcondra, on the northside, which brings in more than €150,000 a year, with an average daily rate of €653. A three-bed city-centre apartment is generating €135,583 a year, and a two-bed in Temple Bar is producing €131,164.
The figures, which reveal earnings rather than profits, are based on the number of bookings by the daily rate and shows how much more money can be made through the short-term market rather than through the long-term rental market.
The figures are unofficial and far exceed those disclosed by Airbnb, which said earlier this year that the annual earnings of a typical host in Dublin was €4,900.