Which Cities Have Seen the Biggest Growth in Airbnb Use?
Since Airbnb was founded in 2008, it has continued to grow worldwide at an incredible rate. Especially the concept of living like a local and sharing somebody’s home is getting more appealing day by day. Therefore the real estate market and the entrepreneurs have benefited from Airbnb to make their fortune.
Oui, c’est Paris!
Paris has the most listings on Airbnb. The romantic French city have 78,000 listings as of now and you can predict that it rapidly increases even at this very moment. In fact, Airbnb has noticed that much of its growth is happening in Europe, not just Paris. 6 of the top 10 cities around the world which has the most listings on Airbnb are European cities too!
London placed second on the list with 47,000 listings that is even more than New York despite the company based in the United States. Furthermore, Barcelona, Rome, Copenhagen, and Amsterdam have big listing numbers too. It is really great to see how these cities have already adopted Airbnb Model. However, it does not mean that the places receive the highest demand from guests. If there is more listings, unfortunately, you will deal with a constant competition with more properties too.
Rapid Africa growth
It has been a long time since Airbnb launched outside of the United States and Europe. But now they are getting more popular in African continent too. Especially touristic destinations on this continent have started to have more Airbnb listings. Based on the report from CNN, annual guest numbers more than doubled over the past year from 572,000 to 1.2 million with active listings up from 62,000 to 100,000. Especially South Africa became the main hub for Airbnb with 43,400 listings. As you can guess, the popular tourist destination Cape Town leads the top on the continent. After South Africa, Morocco has appeared. Some Airbnb properties in Marrakesh got extremely popular and started to receive many international guests. Kenya and Nigeria are also experiencing rapid growth in listings and earnings.
When comparing cities, it’s important to be aware of the property laws in each country and state which could have an effect on Airbnb listings. Many cities have established laws about Airbnb. Especially the main precaution is to prevent property investors from purchasing all of the affordable houses to make profit by renting them for tourists through Airbnb. By doing so, the lawmakers aim to protect their ordinary citizens. The Restrictions on short lets and responsible housing laws have had an effect mainly in the US, for example, New York, and San Francisco.