As South Africa celebrates Tourism Month and the country heads into spring and summer, Airbnb hosts across the country are preparing to usher in the busy end-of-year period. According to Juan Fourie, Head of Santam Hospitality and Leisure H L now is also the ideal time for Airbnb hosts to revisit their risk management strategy and the insurance cover you have as an Airbnb host.
He noted that the Airbnb craze, like other disruptive, tech-driven business models in the hospitality industry, spread quickly after its launch. The initial excitement temporarily overshadowed any sense of caution or reservations that prospective hosts may have had. Now, over a decade later, property owners have a better idea of the risks involved and are wisening up on how to safeguard their property, assets and reputation, Fourie said.
The expert shares some important insurance tips for Airbnb hosts to prep ahead of peak travel season.
Airbnb hosting risks and opportunities
Fourie noted that 2022 was a rebound year for travel in South Africa, as it was in other parts of the world, an with lockdown regulations finally coming to an end, property owners could resume their roles as Airbnb hosts. He highlighted that since then, many have grasped the opportunity to recover their pandemic losses.
