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.
To date, more than 150 million guests have spent the night in listings spread across more than 65,000 cities and there will be more people home sharing tomorrow than there are today. We want to enhance our relationships with these cities. To achieve that goal, in November 2015 we released the Community Compact, which outlines a series of commitments we are making to be good partners with cities, including a commitment to share data – cities need information to make good decisions.
Today, we are releasing new information about home sharing in Los Angeles. This report is based on Airbnb internal data and a survey of Los Angeles hosts and guests conducted in February, 2017.
- In 2016, the Airbnb community generated more than $1.1 billion in economic activity in the city of Los Angeles.
- In 2016, the typical host in Los Angeles earned $7,200 from hosting on Airbnb.
- 84% of Airbnb hosts in Los Angeles are sharing their permanent home, and the typical Airbnb listing in Los Angeles is rented 71 nights per year.
- 13% of hosts said that their income from hosting has prevented them from losing their home to foreclosure. And another 10% of hosts said that their income from hosting has saved them from losing their home to eviction.
- At that rate, nearly 3,400 Los Angeles hosts have avoided foreclosure or eviction and kept their home due to the supplemental income they make from hosting on Airbnb.
- Over 1.05M total guests stayed with Airbnb hosts in Los Angeles in 2016.