World's 'most successful' Airbnb landlord makes £11.9m in a year renting hundreds of London homes

Sean Morrison
Airbnb: The London landlord made the most in revenue compared to any owner who rents out apartments on the home sharing website in one year, according to the figures: Getty Images

The world’s "most successful" Airbnb landlord made a staggering £11.9million in one year by renting out their 881 London properties.

The figure represents the most made in revenue by any owner who rents out apartments on the home sharing website in the past year.

Close behind the top-earning owner is another landlord who raked in £11.8million through renting 504 properties in Bali over the same time period.

The data, from Airbnb analysts AirDNA, shows how the website has created a new platform for single operations to turn over large sums of money.

“Airbnb is no longer a community just for individuals renting out their space or properties on their own,” AirDNA CEO Scott Shatford told the Telegraph.

“These numbers don’t show a multimillionaire sitting on a gold mine. These are businesses that have emerged in this new economy, with hundreds of employees, managing other people’s second homes.”

Mr Shatford added that analysis shows traditional property management firms are operating as many as 1,000 listings.

While the capital is home to the biggest earning individual landlord, the data shows that overall takings are highest in the Indonesian holiday island of Bali.

There, the average revenue per user is £31,294, compared to the London average of £16,003.

AirDNA said that 65 per cent of hosts using the site are individuals, adding that 35 per cent are management companies. But it said the ratio is shifting rapid in favour of the latter, according to the Telegraph.

An Airbnb spokesman told the newspaper: “The vast majority of Airbnb hosts are regular people who share their homes - typically their greatest expense - to boost their income and support their families.

“The Airbnb model is unique and empowers regular people, boosts local communities and is subject to local tax.

“It also makes Airbnb fundamentally different to companies that take large sums of money out of the places they do business.”

The Standard has approached Airbnb for comment.