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In recent years, there has been a cataclysmic shift in the travel and rental markets as holiday rental site Airbnb has enabled homeowners to let properties in exchange for a short-term rental fee. Holiday rental analysis company AirDNA has released figures recently published by The Telegraph that reveal where the highest-earning “landlords” are raking in their profits. In this context, “landlords” are defined as property management companies that employ hundreds of people to manage rental agreements for those who rent out their non-primary residences. Read on to find out where the most successful of these companies are operating.
Tenth place goes to Melbourne, the first of two Australian cities to make the cut. The coastal capital of Victoria earned about £2.1 million from 157 properties as guests headed there to indulge in the bars and restaurants of Federation Square and embrace the cultural creativity of the Melbourne Arts Precinct.
Lisbon steals ninth place as visitors travelling to the hilly shores of the coastal Portuguese capital spent about £2.6 million on 204 properties.
Drawing in about £2.75 million across 124 properties, Spanish capital Madrid comes in at number eight, just behind Barcelona; though things would be different if the number of properties was taken into account.
Spain is the second country to secure two places on this list. The trendy status of Barcelona combined with its coastal location have no doubt been instrumental in earning £2.8 million from 162 properties, placing it seventh on the list.
Number six is Paris; the only landlord on the list with fewer than 100 properties still brings in a hefty £3 million. Romantic tourists are clearly willing to pay top dollar for luxurious accommodation in the City of Love.
The second Australian city on the list, New South Wales’ capital, Sydney, comes in at number five. The 245 properties netted an impressive £3.1 million as people head to see the iconic Sydney Opera House and other famous attractions.
Fourth place goes to Havana, where the largest landlord received about £5.3 million for 132 properties. Perhaps the success had something to do with Americans sensing this year would be their last opportunity to travel to Cuba without complication before Trump revived travel restrictions with the Caribbean island nation.
South African port city Cape Town is third on the list having brought in an impressive £5.8 million over 114 properties. Tourists head here to experience the culture and climb the famous flat-topped Table Mountain.
Just pipped to the post by London, Bali comes in a strong second place. An incredible £11.8 million was earned through 504 properties during the past 12 months as tourists flocked to the incredible Indonesian island.
Topping the list with a whopping £11.9 million earned across 881 properties is London, home of Buckingham Palace, the Houses of Parliament, Tower Bridge and some seriously pricey places to stay.