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PHOTO: Airbnb’s great most of the time, but when it goes bad it can go really bad.
New Zealanders pocketed half a billion dollars renting out their properties on sites such as Airbnb last year, new data shows.
Stats NZ has released information showing the contribution of “accommodation sharing” premises.
It warns there is some uncertainty about the data because of the assumptions made, but it is clear that platforms such as Airbnb and Bookabach are becoming an increasingly large part of the market.
Annual revenue could be as high as $700 million, it said, although the report put it at $556m in the year to March 2018.
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