Airbnb says its estimated direct economic impact tops $100B

Airbnb is reporting its guest community has generated more than $100 billion in estimated direct economic impact across 30 countries in one year.

The figure comprises the sum of estimated guest spending, based on a survey the company sent to nearly 12,000 respondents, as well as internal data on Airbnb host earnings for 2018.

The countries that saw the most direct economic impact in 2018 include: the United States ($33.8 billion), France ($10.8 billion), Spain ($6.9 billion), Italy ($6.4 billion) and the United Kingdom ($5.6 billion).

In a press release, the company 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 have earned over $65 billion that many use to pay the bills and pursue their passions. Small businesses - many of which are located outside of the traditional tourist districts - also benefit from Airbnb guests, many of whom spend the money they save on accommodations at local establishments.”

According to a survey Airbnb sent to guests and hosts, 84% of hosts say they recommend restaurants and cafes to guests, 69% of hosts say they recommend cultural activities and 70% of guests say wanting to explore a specific neighborhood impacts their decision to use Airbnb.