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The move comes at a time when people are looking to earn additional income as higher food, transportation and housing expenses continue to squeeze household budgets, deepening the cost-of-living crisis in the country.
“As the cost of living continues to rise, renters can use the extra income earned by hosting part-time on Airbnb to contribute to their rent, save for a home, or pay for other living expenses,” Airbnb co-founder Nathan Blecharzyck said.
The short-term rental firm has partnered with more than 175 buildings in 25+ cities across the United States, the company said in a blogpost.
The latest service will feature buildings managed by Equity Residential (NYSE:EQR), Greystar Real Estate Partners LLC and 10 other companies, the Wall Street Journal reported on Wednesday, citing the company.
Airbnb did not immediately respond to a Reuters request for comment on the tie-ups.
Landlords who partner with the new listing service will get a share of the total booking revenue from Airbnb sublets – 20% in most cases, the WSJ report added.
Renters have hosted on average nine nights per month and earned on average $900, Airbnb said.
Earlier this month, the company said it had recorded a “disproportionate” 31% rise in single-room listings on its platform in the third quarter, as more people sought extra income.
