LOS ANGELES - Running an Airbnb has apparently never been more profitable.
According to recent data, the average host earned nearly $18,000 in 2022. That's up $4,000 from the year before.
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Part of that reason is that hosts are charging more than they did before.
In 2019, the average cost to rent was $152 per day - this year, it's up to $244.
The other reason is there are fewer listings that are now available.
Back in 2019, there were nearly 17,000 listings in Los Angeles. Now, there's just over 7,000.