Holiday renting site Airbnb is offering Londoners the chance to earn £100 in travel coupons ahead of the King's Coronation. 

The deal is only for new hosts who will be welcoming their first Airbnb guest during the King’s Coronation in London in May. 

The scheme plans to encourage locals in London to make the most of the increased demand for holiday accommodation by hosting on Airbnb, generating additional revenue for themselves and their local community. 

Airbnb launched the plan after they noted major boosts in the UK travel sector big royal events including last year's Queen’s Platinum Jubilee.

Amanda Cupples, General Manager for Northern Europe at Airbnb, says: “When it comes to significant events this year, it doesn’t get bigger than King Charles’s coronation.

"As celebrations sweep across the UK and families visit loved ones over the additional bank holiday, Airbnb offers a unique opportunity for locals to benefit by opening their homes.

"Home sharing helps cities use existing space to scale up their capacity, welcome visitors during peak demand, and empower locals to provide sustainable and affordable accommodation, benefitting the local economy.”

How you can earn £100 with Airbnb

If you are interested in taking part in the scheme you can sign up with Airbnb Setup.

The process lets you choose to welcome an experienced guest who has at least three stays and a good track record on Airbnb.

Plus, to improve the experience for hosts, Airbnb has expanded its AirCover, which protects guest identity verification, reservation screening and $3 Million in damage protection. 

You can find out more information via the Airbnb website.