As the summer travel season approaches, homeowners with a spare room or a vacant beach home may be considering cashing in on the popularity of vacation rental websites.

A 2015 Barclays report estimates that home rental platform Airbnb books around 37 million night stays, which could increase to as many as 129 million by 2016. Rooms on the site range from Manhattan penthouses that cost close to $1,000 per night to West Coast couches for around $50, and hosts pocket all but a 3 percent service fee. Other options include, which also runs a site called (short for vacation rental by owner).
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