Overall Economic Impact
Host income and visitors’ daytime spending has a significant economic impact in the economy. Without Airbnb as an accommodation option, 37 percent of guests say they would not have visited Los Angeles, or not have stayed as long.
Impact on Residents and Households
Airbnb helps many Los Angeles residents make ends meet. The typical Airbnb host in Los Angeles earns $660 per month, renting out her home about 59 nights per year, or just under 5 nights per month. This annual income represents 15 percent of the area median income for households. This modest, yet significant amount of income has helped nearly three quarters of hosts, 71 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 in more than 80 Los Angeles neighborhoods, Airbnb visitors are staying in and exploring places they might never have otherwise visited.