Airbnb to Move Property Managers to a ‘Single-Fee’ Payment System
Photo Credit: A woman making a bed in an Airbnb in Amman, Jordan. Airbnb
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You can expect many hosts to switch to the single-fee model, where guests won't see a service fee when booking. The alternative is to lose a lot of business.
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 15.5% of their nightly rate. That's based on Airbnb's global average service fees that currently get split between hosts and guests.
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 t
