Airbnb is a people-to-people platform—of the people, by the people and for the people—that was created during the Great Recession to help people around the world use what is typically their greatest expense, their home, to generate supplemental income.
Since 2008, Airbnb hosts in Los Angeles have shared unique experiences with travelers from around the world while making supplementary income to help make ends meet. Over the past ten years, Airbnb hosts in Los Angeles have formed a vibrant community by sharing their homes with travelers from all over the world. Airbnb hosts love introducing guests to their neighborhoods and cities. Hosts can earn important additional income, local businesses can capture significant tourism dollars, and the total economic impact can be a meaningful boon.
This report shows Airbnb’s impact on hosts and the city’s business community for the calendar year of 2017. It combines proprietary data with the results of a survey sent to guests who experienced Los Angeles through Airbnb.
- In 2017, the Airbnb community generated more than $1.4 billion in economic activity in the City of Los Angeles
- In 2017, the typical host earned $9,100 by hosting on Airbnb
- One-third of Airbnb hosts — nearly 6,000 Angelenos — avoided eviction or foreclosure by hosting last year
- Last year, hosts over the age of 60 were the fastest growing demographic of Airbnb hosts in Los Angeles. Our senior host community grew by 36% in 2017
- There were more than 1.4 million guest arrivals to Los Angeles on Airbnb in 2017