Airbnb: Generating $6.5 billion for restaurants around the world

Airbnb was launched in 2008 with the vision to create a world where anyone can belong anywhere. Fundamentally, Airbnb isn’t about the digital experienceit’s about the human one. The hosting community has democratized travel, bringing the benefits of tourism to communities that typically have not benefited from it before, and facilitating a more authentic experience on a global scale, enabling travelers to live like locals anywhere they go.

Roughly three-quarters of Airbnb listings sit outside of traditional tourist neighborhoods. When travelers live like locals, they bring economic gains to communities typically ignored by the hospitality industry. These gains extend beyond Airbnb’s host community to stores and restaurants in the neighborhoods guests visit, generating economic activity for local businesses and supporting local jobs.

No businesses benefit more than restaurants. From September 2016 through September 2017, Airbnb guests spent an estimated $6.5 billion in restaurants in 44 cities around the world. While traveling, Airbnb guests spend the greatest portion of their money on restaurants and dining out, compared to other expenses like shopping, transportation and leisure.

The report comes as Airbnb expands the ability to book restaurant reservations in the US via the Airbnb platform, powered by Resy. Launched in New York City in 2014, Resy builds operations software for the modern restaurant (allowing guests to book tables), using technology to redefine hospitality.

Airbnb’s partnership with Resy will make restaurant reservation bookings for locals and visitors alike more seamless and easy to use. With this increased access to locally-owned restaurants across the US, guest spending can bring even more economic gains to communities.

Global guest spending at restaurants

This report provides data on Airbnb guest spending in restaurants in a series of communities from September 2016 to September 2017 and finds that Airbnb guests spent $6.5 billion in restaurants in 44 cities during their trip. During that time, the report found that in major cities across the globe, from Copenhagen to Los Angeles to Tokyo, Airbnb guests reported spending on average between $40 and $100 per guest per night in restaurants during their stay.

$6.5 billion Generated in the past year in 44 markets worldwide from Airbnb guest spending at restaurants during their trip

$2 billion Increase in dollars from 2016 to 2017 from Airbnb guest spending at restaurants during their trip

43% of guest spending, on average, occurs in the neighborhood in which they’re staying

56% of guests who saved money by using Airbnb spent more on other things such as food and shopping