Airbnb, the world’s leading community driven hospitality company, announced today that its Los Angeles County host community earned a combined $187.5 million in supplemental income while welcoming approximately 335,000 guest arrivalsfor the five biggest weekends in 2019 across the region.
“Homesharing continues to be an economic driver across Los Angeles County with more residents embracing the opportunities homesharing provides and the benefits to small businesses and entire communities,” said John Choi, Airbnb Policy Manager. “The Greater LA area is a world class destination for travelers and our hosts will continue to play an important role in expanding affordable accommodations for travelers while leveraging this demand to earn supplemental income. We hope that these insights will help Southern California residents who are looking to open up their home as a short-term rental in identifying some of the best times of the year to do so.”
The five biggest weekends for Airbnb guest arrivals in 2019 included:
|2019 Weekend Dates||Total Guest Arrivals||Total Host Income||Upcoming 2020 Weekend Dates|
|July 5- 7, 2019||69,500||$37,300,000||July 3-5, 2020|
|July 26- 28, 2019||68,500||$39,300,000||July 24-26, 2020|
|August 2- 4, 2019||66,600||$37,900,000||July 31- August 2, 2020|
|July 19- 21, 2019||65,600||$39,000,000||July 17-19, 2020|
|August 16- 18, 2019||64,800||$34,000,000||August 14-16, 2020|
The home sharing community provides significant value through expanded lodging capacity for Los Angeles County when hotels sell out during big events. These include major conventions and concerts, and during summer tourism season.
Along with helping hosts earn important supplemental income, Airbnb also helps generate revenue for local economies around the world. According to an Airbnb survey of more than 35,000 responses from our host and guest community in the United States**:
Unlike other business models that siphon the money they generate out of communities, Airbnb activity directly benefits the communities our hosts call home. Since Airbnb was founded, hosts keep 97 percent and earned over $65 billion sharing their homes that many use to pay the bills and pursue their passions.
In addition, in 2019, Airbnb reached a landmark cumulative $2 billion in tourist-related taxes that have been collected and remitted to local governments on behalf of our global host community over the past four years.
Airbnb is one of the world’s largest marketplaces for unique, authentic places to stay and things to do, offering over 7 million accommodations and 40,000 handcrafted activities, all powered by local hosts. An economic empowerment engine, Airbnb has helped millions of hospitality entrepreneurs monetize their spaces and their passions while keeping the financial benefits of tourism in their own communities. With more than half a billion guest arrivals to date, and accessible in 62 languages across 220+ countries and regions, Airbnb promotes people-to-people connection, community and trust around the world.