Private rooms and houses/apartments listed on Airbnb’s Dublin lettings on August 19, 2018; Airbnb logo

Yesterday.

In the 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.

Meanwhile…

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.

Irish arm of Airbnb made €80m in 2019 (Ian Guider, Business Post)

Owners of high-end Dublin homes sought for ‘super-exclusive’ website (Aaron Rogan, Business Post)

Previously: Red Alert

Pic: Rob Cross