Many older people around the world are opting to use or create a space in their homes to earn an income into their retirement years. New statistics released by Airbnb show that more people over 60 are choosing to share their homes on the platform.
Adults aged 60 and older are the fastest-growing and highest rated host demographic on the Airbnb platform. In fact, there are now over 400 000 hosts over the age of 60 on Airbnb worldwide. In the last year, these hosts earned upwards of $2 billion, with over 13.5 million guests from more than 150 countries staying at their listings.
According to Airbnb, these hosts are also the “most loved” ‒ receiving better reviews than any other age group, with 85% boasting five-star ratings.
Older adults have taken to Airbnb in recent years to utilise unused space in their homes, to meet new people and learn about different cultures, or as an additional source of income or to supplement their pensions. The year-on-year growth for senior South African becoming hosts is 39.37% - making them the fastest growing host age group in the local market.
Local hosts, Sid and Rahel Kahn had a spare room under their house in Port Elizabeth, which they originally used as a playroom and later fitted out for their son to live in. After he moved out, the couple used it when friends came to stay.