Published on : Wednesday, July 3, 2019
Airbnb’s host and guest community generated over U.S. dollars 100 billion in estimated direct economic impact across 30 countries in 2018 alone as per new survey findings and an analysis of internal data released today.
Airbnb activity directly benefits the communities that the hosts call home. Since Airbnb was founded, hosts have earned over U.S. dollars 65 billion that many use to pay the bills and pursue their passions. Small businesses – many of which are located outside of the traditional tourist districts – also benefit from Airbnb guests, many of whom spend the money they save on accommodations at local establishments. This platform helps spread the benefits of tourism to some of the least visited destinations in the world. Between 2016 and 2018, guest arrivals of travellers on the Airbnb platform increased substantially in places like Moldova (190 per cent), Vanuatu (187 per cent) and New Caledonia (175 per cent). Most other business models siphon the money they generate out of communities.
Based on host income and estimated guest spending in U.S. dollars during trip, these are the top 10 countries: United States (33.8 billion dollars), France (10.8 billion), Spain (6.9 billion), Italy (6.4 billion), United Kingdom (5.6 billion), Australia (4.4 billion), Canada (4.3 billion), Japan (3.5 billion), Mexico (2.7 billion) and Portugal (2.3 billion).
2018 estimated direct economic impact is the sum of Homes host earnings and estimated guest spending. Host earnings are based on internal Airbnb data. Estimated guest spending is based on nearly 12,000 responses to a voluntary survey sent to a sample of Airbnb guest accounts that had taken a trip to those countries in 2018. No payment or other incentive was provided in exchange for completing the survey.