Airbnb’s direct economic impact estimated at over USD100 billion in one year

According to new survey findings and an analysis of internal data released today, Airbnb’s host and guest community generated over USD 100 billion in estimated direct economic impact across 30 countries in 2018 alone.

This 2018 estimated direct economic impact is the sum of homes’ host earnings and estimated guest spending. Host earnings is 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.

Unlike other business models that siphon the money they generate out of communities; Airbnb activity directly benefits the communities our hosts call home. Since Airbnb was founded, hosts have earned over USD 65 billion. 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 growth has come as Airbnb helps spread the benefits of tourism to some of the least visited destinations in the world, as well. Between 2016 and 2018, guest arrivals of travelers on the Airbnb platform increased substantially in places like Moldova (190%), Vanuatu (187%) and New Caledonia (175%). 

According to a survey of more than 228,000 responses from Airbnb’S host and guest community around the world:

  • 84% of Airbnb hosts say they recommend restaurants and cafes to guests
  • 69% of Airbnb hosts say they recommend activities such as museums, festivals, and historical sites to guests
  • 51% of Airbnb hosts say hosting has helped them afford their homes
  • On average, Airbnb guests say 42% of their spending occurs in the neighborhood where they stay
  • 50% of guests say they spent the money they saved by staying on Airbnb in the cities and neighborhoods they visited
  • 70% of guests say wanting to explore a specific neighbourhood matters in their decision to use Airbnb
  • 86% of guests say the location being more convenient than hotels matters in their decision to use Airbnb
  • Guests who say Airbnb impacted the length of their stay on average added 4.3 days to their trip

Direct Economic Impact in 2018 (30 countries)

Based on Host Income and Estimated Guest Spending- in USD during trip

  1. USA: 33.8 billion
  2. France: 10.8 billion
  3. Spain: 6.9 billion
  4. Italy: 6.4 billion
  5. UK: 5.6 billion
  6. Australia: 4.4 billion
  7. Canada 4.3 billion
  8. Japan: 3.5 billion
  9. Mexico: 2.7 billion
  10. Portugal: 2.3 billion
  11. Germany: 2.3 billion
  12. China: 2.3 billion
  13.  Brazil 2.1 billion
  14.  Greece: 1.4 billion
  15.  Netherlands: 1.3 billion
  16. Korea: 1.2 billion
  17. Thailand: 1.1 billion
  18. New Zealand: 912 million
  19. Croatia: 910 million
  20. Ireland: 832 million
  21. Malaysia: 734 million
  22. South Africa: 685 million
  23. Argentina: 664 million
  24. Denmark: 654 million
  25. Switzerland: 651 million
  26. Austria: 625 million
  27. Indonesia: 593 million 
  28. Philippines: 586 million 
  29. Colombia: 560 million 
  30. Czech Republic: 555 million

 

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