Airbnb today announces its latest economic report, titled ‘Airbnb in Singapore: An Impact Study’.
The report provides a comprehensive overview of our Airbnb community in Singapore and how local, authentic tourism is rejuvenating local neighbourhoods outside of typical tourist districts.
It includes latest stats on guest arrivals and host income, and unique case studies in three of Airbnb’s most popular neighbourhoods in the country: Tanjong Pagar-Tiong Bahru; MacPherson, Geylang Serai and Kembangan-Chai Chee; and Marine Parade, Joo Chiat and Mountbatten.
Key findings include:
- In 2017 alone, Airbnb guests contributed SG$411 million to Singapore’s economy, bringing new revenue to local neighbourhoods and businesses.
- Our vibrant Airbnb host community here welcomed 350,000 guests from 160 countries into their homes last year, as close to 1.5 million Singaporeans travelled with Airbnb around the world.
- 85% of all Airbnb listings are outside typical tourist zones, and 50% of all Airbnb guest spending in Singapore takes place in local neighbourhoods. Each guest spent an average of $74 a day.
- Everyday Singaporeans sharing their homes in the 3 neighbourhoods above earned $16 million last year and accounted for 25%, or 87,000 of 350,000 guest arrivals on Airbnb last year last year.
- Almost 13,000 companies have used Airbnb for Work to travel to Asia-Pacific including Singapore, Japan and Australia. Employees from more than 3,000 companies have an Airbnb business travel account in Singapore, with an average stay of 7.9 nights — more than one full business week.
Mich Goh, Airbnb Head of Public Policy (Southeast Asia), shared:
“Our new data demonstrates that Airbnb is helping Singapore, a key tourist destination in Asia, diversify tourism and strengthen the local community. In 2017 alone, Airbnb guests contributed SG$411 million to Singapore’s economy, bringing new revenue to local neighbourhoods and businesses.
Importantly, this report reinforces the need for fair and progressive rules that bring home sharing into the 21st century. Home sharing helps everyday Singaporean individuals and families share their own homes and earn supplemental income, in turn supporting small, local businesses who benefit from the Airbnb guest dollar.
We have carefully reviewed the URA’s proposed framework and shared our feedback through the public consultation. Along with our submission, our passionate community of hosts and guests have made their voices heard through hundreds of individual submissions to the URA.
We look forward to working through the proposed framework with the URA; and we are committed to working collaboratively toward fair and innovative rules that support respectful, responsible home sharing.
Our community’s message is simple: let’s keep the doors open to home sharing and the thousands of hosts and small businesses who depend on it.”