Tuesday 15 June 2021

Airbnb Rentals Offer Cuban Residents Much-Needed Extra Income

In its annual report on Cuba, Airbnb highlighted the economic contribution that its platform provides to Cubans. (Flickr)

TODAY CUBA – Airbnb has been growing in popularity in Cuba, with island residents earning around US US$40 million since April 2015, the company said.

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Airbnb — which allows users to rent out their homes, apartments and spare rooms — started operating in Cuba in 2015. Since then, it has been one of the fastest-growing markets, ranked ninth overall with 22,000 properties in 70 localities around the country.

Airbnb co-founder Nathan Blecharczyk in La Habana (Havana) in June 2015. Desmond Boylan AP

In 2016, just over 12 percent of American visitors stayed in spaces rented through Airbnb. Around 560,000 tourists have sought accommodation in Cuba through the site since April 2015. Much of that boom in activity is a result of the United States’ decision to reopen relations with the island government, despite its poor record maintaining human rights standards.

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“For the first time in decades, some authorized American travelers were able to break bread with Cuban hosts at kitchen tables across the island,” an Airbnb report said.

The average reservation price ranged between US $164 and US $2,700 per year. Cubans rent their property either partially or completely for approximately 33 nights out of the a year. As for owners, Airbnb’s study revealed that the average age of Cuban users is 43 years old, and that 58 percent are women.

“It’s not only travelers who visit Cuba who benefit, but also many Cubans who have never met foreign visitors, especially Americans, and have discovered that dialogue and mutual understanding work,” the report said. “US guests or tenants are the best ambassadors of the values of entrepreneurship and freedom.”

Airbnb also highlighted the economic situation that Cubans live in: “In a country where the average worker earns US $30 a month, the additional income via Airbnb offers economic benefits.”

Source: El Nuevo Herald

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Article originally appeared on Today Cuba and is republished here with permission.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

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Article originally appeared on Today Cuba and is republished here with permission.

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