2016 has been a breakout year for the Airbnb community’s role in supporting big events around the world — from Super Bowl 50 in San Francisco Bay Area and the 2016 Democratic and Republican National Conventions, to the 2016 Summer Olympics in Rio, Brazil.
Airbnb will play a similar role in Washington, DC for the 2017 Presidential Inauguration by helping the city accommodate more visitors, bringing millions in revenue to middle class families who are sharing their homes, and redirecting economic activity to neighborhood small businesses.
In fact, during the week following Election Day 2016, bookings on the platform for Inauguration Day increased by 80 percent, and guests are finding a typical listing price of $125 per night.
Available here, a new report details Airbnb’s key and historic projections for this event. Based on our analysis, we expect:
- Over 10,000 guest arrivals at our listings in the Washington, DC metropolitan area — over seven times as many guest arrivals as we experienced during Inauguration week/weekend in 2013.
- Airbnb hosts will earn over $3.5 million from reservations during the Inauguration. This earnings estimate is more than 10 times higher than the same time in 2013.
- New York, Los Angeles, Boston Chicago, and San Francisco are among the top cities of origin for guests.
- Many of these guests will stay in areas and neighborhoods that don’t typically realize significant tourism revenue during major events. The top DC-area neighborhoods for Inauguration bookings include Adams Morgan, the H Street Corridor, Columbia Heights, and Shaw.
The 2017 Inauguration is also projected to be the biggest night for DC-area Airbnb guest arrivals since the recent 2016 playoff series between the Washington Nationals and the Los Angeles Dodgers.