More and more of us are spending time away from home due to our jobs. Whether you’re a CEO or company rep, if you're frequently flying or travelling the country, spending most of your nights in hotels – you could make decent money by renting out your 'permanent' space.
There’s a huge demand for short-term rentals in and around London's square mile. Particular hotspots include properties in Barbican, Old Spitalfields, Tower Bridge, and Holborn. Renting out your flat on Airbnb in one of these locations could fetch you £157 a day. That's a lot of money to be passing up on...
So, prospective short-term letters, here’s our guide to some of the most Airbnb-able locations.
Holborn
Why Airbnb guests want to stay...
Near to the British Museum and a stone’s throw away from Shaftesbury Avenue's theatre district, Soho, and Covent Garden. Visitors love the blend of fine British dining, lively bars and modern Asian cuisine in this area. A stand-out foodie attraction is Asadal, which was rated the best Korean restaurant by SquareMeal. There's also the crowd-drawing ping pong bar Bounce, and hugely hyped Oscar Bar and Restaurant. With Amazon, Sainsbury's, Google, and Facebook's head offices nearby, you can expect high occupancy rates all year round.
Types of guests...
You'll have theatre lovers, travellers with a particular interest in London’s nightlife, and business travellers.
Fact:
This part of London is a big draw-card for travellers who enjoy Korean cuisine, thanks to a wide selection of great Korean restaurants.
Shoreditch
Why Airbnb guests want to stay...
Spitalfields Market and Columbia Market. Great bars like B’acino, The Ten Bells and The Culpepper.
Types of guests...
Young couples who want to immerse themselves in local culture, and business travelers keen to mix work with pleasure in this vibrant, trendy area.
Fact:
In peak season, a one-bedroom apartment in this location can fetch up to £150 per night.
Barbican
Why Airbnb guests want to stay...
The Barbican and The Museum of London. Bars and restaurants that are of interest to visitors include Luca, Night Jar and Victorian Bath House. There’s also Smithfield and Leather Lane Street Markets nearby.
Types of guests...
Business travellers. The beating heart of The City, the ideal location for any business traveller.
Fact:
Just 20 min away from Canary Wharf and Mayfair, occupancy rates in this part of London are high all year round.
London Bridge
Why Airbnb guests want to stay...
It's near to major tourist attractions including Tower Bridge, Tower Hill, The Shard and Tate Modern. London Bridge train station also offers fast connections to Gatwick Airport.
Types of guests...
Tourists and business travellers.
Fact:
It only takes 18 minutes to get to Canary Wharf from London Bridge Station, a huge selling point for business travelers who want to enjoy London life while they are in town.
Managing your Airbnb remotely
Most of us are too busy to arrange our own travel plans, let alone get involved in other peoples’ – but if you’re interested in becoming an Airbnb host, here are a few tips for making life easier:
Add a co-host:
Did you know that you can nominate a family member, friend or a professional host to be a co-host? They’ll have access to your listing and be able to help you manage guests.
Use key safes or digital locks:
You don’t need to be there physically each time a guest arrives thanks to lock boxes, key safes, digital locks, and smart locks.
Hire help:
GuestReady is an award-winning Airbnb management company that can help you reach 'Superhost' status, and maximise the money you make on your short-term rental. The London-based team can assist with all aspects of your Airbnb – from welcoming guests, to optimising your listing.
GuestReady is a short-term rental management company with offices in major cities around the globe including London, Paris, Lisbon, Dubai and Hong Kong. For more information visit their website at guestready.com