Elderly Malaysians Earn RM5.6 million as Airbnb Hosts

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The Edge Property has highlighted that some 800 seniors in Malaysia aged 60 and above have earned more than RM5.6 million through hosting on Airbnb, welcoming over 26,700 guests from around the world in the past year, from September 2017 to September 2018.
According to a global survey by Airbnb, close to half of the senior age group said hosting has helped them afford to stay in their homes while about 41% said they rely on their Airbnb income to make ends meet.
In a media release,  Airbnb said the senior host cohort is a fast growing group in Malaysia, with a year-on-year growth of 51.37% to 884 senior hosts in September 2018 from 584 in September 2017.
Senior hosts are also the best-rated hosts in Malaysia with more than 76.30% of reviews of senior hosts receiving five stars.
Globally, senior hosts are the fastest-growing of any age group of hosts on Airbnb, and there are now over 400,000 senior hosts on Airbnb worldwide.
In 2017, seniors hosts around the world earned over US$2 billion (RM8.31 billion), by hosting over 13.5 million guests at their listings, and welcomed travellers from over 150 countries.
“Aside from just being hosts, there has also been an increase in senior Malaysian travellers. Across Malaysia, the number of seniors who have booked on Airbnb grew more than 86.84% in the past year from September 2017 to 2018, making them the fastest growing guest age group in the country,” said Airbnb.