The Airbnb website shows rentals available on Long Island. Airbnb posted sharply higher guest arrivals and host revenue on Long Island in the first quarter of 2017, continuing momentum from the prior year. Photo Credit: airbnb.com Airbnb Inc. posted sharply higher guest arrivals and host revenue on Long Island in the first quarter of 2017, continuing momentum from the prior year.
The gains come as the hotel industry seeks to blunt gains by Airbnb and other home-sharing services, and both sides engage in a lobbying and public relations battle.
San Francisco-based Airbnb reported a 55 percent increase in Long Island guest arrivals to 6,500 compared to the 2016 quarter. The payout to Long Island hosts totaled $1.2 million, a 41 percent year-over-year increase for the period ended March 31.
The first quarter is traditionally a slow season for home sharing on Long Island, accounting for the quarter’s relatively low numbers compared to the guests (74,000) and host revenue ($25 million) for the full year 2016. Those 2016 numbers represented increases of 57.4 percent and 60.3 percent over the prior year. Long Island’s peak season comes in the third quarter, according to Airbnb researchers, accounting for more than half of host revenue for […]