July 20, 2017

Airbnb Hosts In Chicago Made $67 Million In 2016, Company Says

Stock Photo - Waving flag with Airbnb logo. Editorial 3D rendering
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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, […]

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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.

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