Airbnb hosts in Chicago have been welcoming guests into their homes since 2009. Over the past six years, Chicago residents have formed a vibrant Airbnb community, sharing unique experiences with travelers from around the world.
In 2015, Airbnb undertook analysis to understand the economic impacts of it’s community in Chicago. The findings presented here are based on all travel to Chicago during the year-period from July 2014 to June 2015.
For an overview of Airbnb’s community in Chicago, see Airbnb’s Positive Impact in Chicago.
Overall Economic Impact
Host income and visitors’ daytime spending has a significant economic impact in the economy. With Airbnb properties across more than 70 Chicago neighborhoods, Airbnb visitors are staying in and exploring places they might never have otherwise visited.
Impact on Residents and Households
Airbnb helps many Chicago residents to make ends meet. The typical Airbnb host in Chicago earns $8,300 per year, renting out her home about 77 nights per year, or just over 6 nights per month. This modest, yet significant amount of income has helped over half of hosts, 56 percent, stay in their homes.
Impacts in Neighborhoods
Airbnb distributes economic impacts to neighborhoods that have not traditionally benefited from tourism spending. With Airbnb properties across more than 70 Chicago neighborhoods, Airbnb visitors are staying in and exploring new neighborhoods all around Chicago.
The findings are based on Airbnb bookings data between July 2014 and June 2015, as well as host and guest surveys for travel to Chicago during these dates.
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