Private rooms and houses/apartments listed on Airbnb’s Dublin lettings on August 19, 2018; Airbnb logo
Sunday Business Post.
Ian Guider reported:
An Irish-registered unit of Airbnb made a profit of €80 million last year, the first time the financial arrangements of the accommodation bookings giant in Europe have been revealed.
The profit generated by Airbnb International Unlimited Company compared with a loss of nearly €72 million in the previous year.
The recently-filed accounts show for the first time the profitability of Airbnb in Ireland, and are a result of a change in Irish company law that now requires businesses with unlimited liability status to file details of their finances.
The company, which has a registered address at a Dublin law firm, is responsible for Airbnb’s operations outside the United States and China.
…The filings show the company paid $42 million in tax out of its profits during the year, but does not disclose the countries in which the tax was paid.
In the same newspaper yesterday, Aaron Rogan reported:
Dubliners who live in luxury are being asked to nominate their homes for a “super-exclusive” new Airbnb-style platform.
Will McGlade, the 28-year-old son of Paul McGlade, the founder of Champion Sports and the beauty clinic chain Therapie Group, has launched HipHipStay, which he said aims to manage the top 1 per cent of short-term lettings in the capital.
To be considered, the properties must be located in lively areas of the city centre, and their decor must have a certain “cool kind of swagger”, McGlade said.
Previously: Red Alert
Pic: Rob Cross