Findings shown during Airbnb’s Africa Travel Summit found that South African Airbnb hosts earned over R4 billion since the platform was founded in 2008, the Sunday Times reports.
A report based on data compiled by Genesis Analytics found that Airbnb has had a significant positive impact on South Africa’s economy, especially in popular tourist destinations such as Cape Town.
In the period from June 2017 – May 2018, Airbnb generated around R8.7 billion in economic impact in South Africa, the report stated.
“Hosts across the country are using their extra income from hosting to make ends meet and otherwise afford to stay in their homes,” the report stated.
Which is good because not everything is going so well in South Africa...and...I hope those hosts dont' run out of water for their guests....