Across Chicago, from Austin to Logan Square and Hyde Park, hosts are using Airbnb to make extra income to help pay their rents or mortgages and stay in their homes. In 2016 alone, these hosts helped generate $331 million in economic activity for local neighborhoods and small businesses.
With new, clear home sharing regulations recently passed, Chicago is leading the effort in leveraging the sharing economy to create opportunities for regular people. As home sharing grows and flourishes in Chicago, we look forward to continuing our partnership with the city and our community to drive economic activity, protect the quality of life, and support the thousands of regular Chicagoans who depend on home sharing to make ends meet.
Chicago seniors earned $3.6 million through Airbnb
Chicagoans ages 60+ are earning millions in supplemental income and providing authentic neighborhood experiences to guests from throughout the world.
In 2017, Chicago seniors sharing their homes on the Airbnb platform welcomed 21,000 guests. In the process, they earned $3.6 million in supplemental income.
Airbnb delivered $2.9 million for Chicago homeless services in 2017
We have remitted $6.1 million in tax revenue on behalf of our local hosts to the City of Chicago in 2017 — including $2.9 million in revenue dedicated solely towards addressing homelessness in Chicago.
We have partnered with over 350 local governments throughout the U.S. to collect and remit taxes. Chicago was one of the first, having partnered with us in early 2015 to authorize the home sharing platform to collect the 4.5% Chicago hotel accommodations tax.