A map complied by Airbnb shows where hotels — represented by purple dots — are located, as compared with blue dots representing listings on Airbnb. CHICAGO — Chicagoans who rent out their homes and apartments via Airbnb earned $67 million in 2016, according to a report compiled by the home-sharing service designed to spotlight the boost the firm has given Chicago’s economy.
The San Francisco-based company had a total economic impact of $331 million on Chicago in 2016, according to the report.
Typical hosts — who rent out their home or a portion of it — earned $4,100 in 2016, according to the company. In all, 7,600 Chicagoans rented their property through the service used by another 103,000 Chicagoans to find a place to stay, according to the report provided to DNAinfo.
In addition, 390,000 people who traveled to Chicago used Airbnb to find a place to stay for an average of 3.3 nights, according to the company. Eighty-five percent of those who use Airbnb chose it over a hotel in an effort to "live like a local."
"Responsible home sharing is a new engine for Chicago tourism and the economy," according to a statement from the company. "Airbnb grows the tourism pie, […]