Airbnb to Move Property Managers to a ‘Single-Fee’ Payment System
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Airbnb guests who book a stay at a home operated by a property manager will no longer be charged a roughly 15% service fee, according to a new requirement that goes into effect in late October.
And property managers, who previously paid a 3% fee to Airbnb, will instead pay 14-16% of their nightly rate.
The changes reflect a mandatory shift for property managers from a “split-pay” model to a “single-fee” system that takes effect October 27.
Some individual hosts are already worried they’ll lose out. But Airbnb says the new structure adds transparency, and more importantly, that guests and hosts will ultimately see no change to total cost and payments. Airbnb explains both models here.
Here’s how the new system will work and what the impact will be:
How Does the Current Split-Pay Model Work?
An estimated 95% of Airbnb hosts use the current split-pay model, according to AirDNA.
In a blog post, AirDNA Chief Economist Jamie
