Financial Advice: Airbnb opportunity for farmers to diversify income

Demand for Airbnb lets rocketed once the restrictions were lifted

Have you an old building to refurbish for holiday stays? Thanks to a staycation boom, you could earn €3,000 per month for a well located cottage in peak season.

As the public reacted to the visceral fear of Covid-19, the evaporation of demand for both domestic and foreign holidays in the first lockdown led to a collapse in demand for Airbnb accommodation both by domestic and foreign travellers.

Some of the Airbnb owners decided to switch back to traditional long term letting, and given the relatively strong rental market, sought to lock in steady returns from their properties rather than chase the more lucrative but elusive holiday-let income.