Airbnb, Thailand’s leading community-driven hospitality company, announced today that its Thai host community earned a combined US$119m (THB4bn) in supplemental income in the past 12 months (Feb 2017 – Feb 2018).
Thai hosts welcomed approximately 1.2 million guests to the country in 2017, representing 66% year-over-year growth in guest arrivals. This comes as local Thais increasingly embrace the platform as an opportunity to earn extra income and welcome guests from around the world. There are now over 61,400 listings in Thailand on Airbnb, and the median host income averages US$2,100 (THB67,000) annually.
Notably, travellers to tourism hotspots Bangkok and Phuket contributed to more than half of host earnings and guest arrivals in the past year alone (Feb 2017 – Feb 2018). Airbnb hosts in Bangkok earned a total of US$34.2m (THB1.1bn) by sharing their homes with 485,000 guests. In Phuket, the strong vacation rental market generated close to US$30m (THB995m) for hosts, and a median typical host income of US$3,400 (THB108,000).
“With more than four million guest arrivals and counting in Southeast Asia last year, there has never been a better time to be an Airbnb host. A listing on Airbnb represents more than just a place to stay — it’s where both our hosts and guests call home. These strong numbers reflect an increasing desire among travellers for unique, authentic and independent travel,” said Mich Goh, Airbnb’s Head of Public Policy for Southeast Asia.
Airbnb data around the world indicates that Airbnb’s platform is complementing — rather than competing with — the global hotel industry. Hosts on Airbnb are opening up Thailand to tourists who want to stay in neighborhoods and communities away from traditional tourist hot spots, and families who prefer to vacation together in one room.
At the same time, the Thailand hotel and tourism industry experienced strong growth* in occupancy rates, prices and revenue during 2017 — in parallel with the growth of the home sharing industry.
“Airbnb is empowering local hospitality entrepreneurs and strengthening local communities through healthy, sustainable tourism. We are committed to working closely with the Thai government to continue growing and supporting our local host community, and help travellers experience this beautiful country in brand new ways,” said Goh.
The company continues to see exciting growth in Thailand since its launch of Airbnb Experiences, which are carefully curated activities led by local hosts who share an insider’s view of their city with curious travelers. Compared to the same time last year, the number of active Experiences around the world has grown 500% and global weekly guest bookings are up over 2,000%. Airbnb currently offers more than 4,000 Experiences across 50 cities.