Airbnb hosts in Athens have been welcoming guests into their homes since 2009. Over the past five years, Athens residents have formed a vibrant Airbnb community, sharing unique experiences with travelers from around the world.
The following report examines the impacts of Airbnb and its community in Athens. Economic, social, and environmental impacts have all been evaluated to understand how Airbnb fits into the city. The analysis is based on all travel to Athens during the year-period from October 2013 through September 2014.
For an overview of Airbnb’s community in Athens, see Airbnb’s Positive Impact in Athens.
Airbnb’s business model has far reaching economic impacts that benefit a) the city overall, b) the tourism industry, c) neighborhood businesses and d) local households.
In the process, visitors are connected to a more diverse and affordable range of experiences, local households earn additional income, and spending is distributed throughout the city among businesses and neighborhoods that do not traditionally benefit from tourism.
Overall Economic Impact
Host income and visitors’ daytime spending has a significant economic impact in the economy. The following figures account for all direct, indirect and induced spending in Athens.
Impact on Residents and Households
Airbnb helps many Athens residents make ends meet, afford to take professional chances and pursue their dreams. 73% of Airbnb hosts are non-traditionally employed, with 28 percent saying that income from hosting has allowed them to support themselves while freelancing or starting a new business.
Airbnb distributes economic impacts to neighborhoods that have not traditionally benefited from tourism spending. With Airbnb properties across more than 25 Athens neighborhoods, Airbnb visitors are staying in and exploring places they might never have otherwise visited.
The findings are based on Airbnb bookings data from October 2013 through September 2014, as well as host and guest surveys for travel to Athens during these dates.