In a place celebrated for its vibrancy and hospitality, it’s no surprise that so many in the Crescent City have embraced home sharing. 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.
The collective impact of this activity makes New Orleans stronger. Guests spent $140 million in the past twelve months alone.
In recent months, community leaders in New Orleans 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. Our community wants to pay their fair share. 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 New Orleans.
To help meet these goals, last week 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 New Orleans. Guests spent $140 million in the past year. This happened in part because 99% of New Orleans hosts recommend local businesses to their guests. In addition, 70% of the money these guests save by using Airbnb is spent in New Orleans businesses.
Airbnb hosts are long-time residents committed to the community. The average Airbnb host is 41 years old and has lived in New Orleans for 21 years.
Hosts are occasionally sharing their home to generate modest but impactful supplemental income. 92% of listings in New Orleans are rented for less than 180 days a year. A typical host annually earns $10, 900 dollars and 69% of hosts use the income generated from Airbnb to pay things such as their rent or mortgage.
Airbnb guests travel in small groups, looking for a unique travel experience. 88% of trips booked to New Orleans on Airbnb include 4 or fewer guests. 96% of active listings in New Orleans have three or fewer bedrooms. In addition, 94% of guests who choose to stay on Airbnb do so because they want to “live like a local”.
See the full report here.