Airbnb Boosts Utah Economy

For hosts, home sharing has helped thousands of middle class residents to take what is typically one of their greatest expenses – the cost of their housing – and turn it into a way to generate supplemental income. For guests, home sharing has democratized travel and facilitated a more authentic experience closer to local and small businesses that haven’t always benefited from tourism and hospitality.

In recent months, policymakers have been discussing the best way to regulate home sharing. We welcome these discussions and we are committed to being constructive partners with regulatory agencies and policymakers. We want home sharing to help people stay in their homes. And we want to equip policymakers and the public with the information they need to craft fair, progressive rules for home sharing in Utah .

To help meet these goals, we recently released the Airbnb Community Compact and we’re also releasing some initial data today to give people more information about our community.

Here are some highlights from the report:

Responsible home sharing is creating a new economic engine for Utah. Guests spent $15.2 million in the past year at local businesses and Airbnb hosts in Utah earned 14.3 millions dollars

Hosts are responsible Utah residents committed to the community. Utah is home to 1,900 Airbnb hosts who hosted guests in the past year. The average Airbnb host in Utah is 42 years old and earns an average $5,700 dollars each year in modest but impactful income through hosting. In addition, over 70% of Airbnb listings in Utah are rented fewer than 60 days per year.

Airbnb guests travel in small groups, looking for a unique travel experience. Airbnb guests come from over 97 countries around the world to visit Utah. 87% of trips involve four or fewer guests and the average length is 3.6 nights.  

See the full report here.