The following is an update relating to the activities in the Republic of Cuba by San Francisco, California-based Airbnb, Inc.
20 August 2019
From Airbnb to the U.S.-Cuba Trade and Economic Council:
In April 2015, Airbnb was excited to welcome Cuban hosts to the global community and since then, Airbnb has provided an opportunity for Cuban hosts to earn important supplemental income, as they open their homes to travelers from around the world.
Data released in 2017 showed that Airbnb hosts welcomed 560,000 guests since 2015. From January 2018-January 2019, Cuban hosts welcomed more than 728,000 in just one year. In 2017, there were 22,000 listings, today there are 36,400. The average Cuban Airbnb host has lived in the community where they host for 31 years.”
Airbnb reportedly represents more than 22,000 properties in the Republic of Cuba; and the properties reportedly generated combined gross revenues of approximately US$47 million annually from 2015 through 2019.
Airbnb reported 32,000 residences were registered in the Republic of Cuba. If each residence received US$50.00 for one (1) night, and each residence were occupied for 100 nights per year, the gross revenues would be approximately US$160 million.
Airbnb In Cuba By The Numbers
$40 million Paid to Cuban individuals from sharing their home, since April 2015
33 nights The average number of nights Cuban hosts share their space per year
$164 The average amount paid per booking to a Cuban host
43 years old The average age of Cuban hosts
$2,700 The average annual payout for a Cuban host
58% Of Cuban Airbnb hosts are women
Link To Report From Airbnb
Airbnb had approximately 10,000 listings throughout the Republic of Cuba.
1) What is the total value of the rental revenue paid to the owners of the residences since Airbnb commenced operations in the Republic of Cuba?
Our typical fee structure from around the world applies in Cuba, details here: https://www.airbnb.com/help/article/384/what-are-the-service-fees. From there, Airbnb hosts in Cuba will be expected to follow the same rules that apply to all owners of casas particulares in Cuba. Currently, those who use the system of private houses in Cuba must pay 10% of what is earned per month to the government.
2) What is the average per night rate for the properties in the Republic of Cuba? In Havana?
We don’t disclose average per night rate as that can vary greatly depending on the type of listing (entire house, private room, shared room, etc) and won’t give an accurate picture. However, we can confirm that the average booking in Cuba is about US$250, that’s game-changing income for ordinary Cubans.
3) How are the funds delivered from Airbnb to the owners of the properties in the Republic of Cuba?
Through intermediaries we are able to deposit funds into many of our Cuban hosts’ bank accounts. For hosts who aren’t able to accept funds this way we have partnered with a 3rd party to remit payments in the manner that our Cuban hosts select including door-to-door delivery of payments. As banking infrastructure in Cuba evolves we will reevaluate our payment procedures to suit the needs of our Cuban host community.
Guest service fee: We add a percentage-based service fee to guest payments every time a reservation is booked. This helps cover the cost of running our site and services.
The exact percentage depends on the subtotal of the reservation. The higher the subtotal, the lower the percentage so you can save money when booking large reservations. You'll see the exact amount in the price breakdown on the checkout page before you confirm and pay, and on your billing receipt.
If you cancel a reservation you booked as a guest, the service fee is non-refundable. If your reservation is canceled by the host and you choose to be refunded, the service fee is refunded in full.
To help cover the costs of running Airbnb, we charge guests a service fee every time a reservation is confirmed. The amount of this service fee varies and is based on a percentage of the reservation subtotal (before fees and taxes).
The exact amount of the service fee is displayed before guests confirm a booking. Guest service fees are typically 6-12% but can be higher or lower depending on the specifics of the reservation. The higher the subtotal, the lower the percentage so you can save money when booking large reservations. We also charge hosts a host service fee to cover the cost of processing payments.
Host service fee: We deduct a 3% service fee from host payouts every time a reservation is booked at their listing. This helps cover the cost of processing guest payments.
You can see the exact amount by clicking on the reservation code in your Transaction History from the desktop version of Airbnb.
VAT: Depending on the country of residence of the host or guest, VAT on the service fees may be included as an additional amount over and above the total Airbnb service fee. Your guest or host service fee includes VAT, when applicable.
Conversion fee: For guests paying in a currency different from the default currency of the country where the listing is located, a 3% currency conversion fee applies in addition to any system wide base exchange rate in effect.
17 December 2016
AMY GUTTMAN: Though the Cuban government has announced plans to double the island’s hotel capacity by 2020, the current shortage of rooms is a boon for another American-run company, Airbnb. The online platform for homestay bookings has listings in more than a hundred countries. But it says Cuba has become its fastest growing market, as measured by listings.
BRIAN CHESKY: “We estimate now that 20-percent of all Americans that are staying in Cuba are staying in a home with a Cuba host.”
LINK To Complete Report