July 21, 2017

Airbnb LI guest arrivals rise 55% in 1Q from year earlier



Stock Photo - Waving flag with Airbnb logo. Editorial 3D rendering
Copyright: moovstock / 123RF Stock Photo

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 […]

From Around The Web

Sponsored Content by AdNow
loading...
About NGE Staff 9462 Articles
The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

Be the first to comment

Leave a Reply

Your email address will not be published.


*