Savvy Irish mums are earning a LOT of extra cash on AirBnb
More than 7,000 women in Ireland earned an average of €3,489 each by hosting a guest or renting out their home through Airbnb last year.
According to the first dedicated Airbnb study of female hosts, released this week to coincide with International Women's Day, women make up 60% of the local host community in Ireland; a figure that has multiplied by 29 since 2012.
More women hosts than men hosts report that they use their Airbnb income to help afford their home, especially single mothers who host. Globally, 62 percent of single mother hosts report using their Airbnb income to help afford their home.
An innovative 14% of Irish women hosts use Airbnb income to support themselves while working part-time and 97% have hosted at least one international guest.
This extra income can be especially powerful in countries with developing economies. In Kenya, the typical woman host earns enough from Airbnb to cover over one-third of the average annual household expenditure. In India it covers 31 percent; and in Morocco, 20 percent.
Interested in getting involved? In general, money you earn from hosting is income, and will be subject to tax. The tax framework that applies to property-related rental income in Ireland can be found here. For more on how to become a host, check out the site here.