To download the pdf and see the full report, go here. In one year, Airbnb generated $104 million in New York City economic activity outside Manhattan Get the comforts of home and great rates for your monthly rental Room for everyone Comfortable private places, with room for your family or friends. In Bedford-Stuyvesant, for example, 643 residents hosted 22,450 guests in the past year, bringing in $14.5 million to Bed-Stuy- $6.1 million of which went into local households and $8.4 million to local businesses.Īirbnb generated $632 million in economic activity in New York in one yearĪirbnb visitors stay on average 6.4 nights (compared to 3.9 for hotel guests) and spend $880 at NYC businesses (compared to $690 for average New York visitors)Ĩ2% of Airbnb listings in New York are outside of the main tourist area of midtown Manhattan, and the average Airbnb guest spends $740 in the neighborhood where she stays Airbnb has move-in ready apartment homes ideal for staffing, displacement, and relocation needs. BY DIANE CARDWELL MABROOKLYN IS KNOWN the world over for things. According to an independent study released on Tuesday surrounding the economic impact of Airbnb across the five boroughs of New York City, the vacation home rental service has been a fiscal life-preserve for residents struggling to afford their rents and business owners challenged with keeping their doors opened. One of the biggest findings the study was that Airbnb has allowed tourists to explore neighborhoods that traditionally have not benefited from tourism.Īnd interestingly, of the five boroughs, Brooklyn was the most popular destination overall for Airbnb users, with 28 percent of visitors choosing to stay in Kings County last year, compared to 21 percent of tourists who chose Manhattan. Uber, Airbnb and Other Companies Reshaping the Market The New York Times.
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