National Report: Almost a Third of Airbnb’s Revenue Comes from Year-Round Rentals
Airbnb has an illegal hotel problem. According to a new national report released today, a huge portion of Airbnb’s revenue is driven by commercial landlords renting multiple units all year round. A far cry from the middle-class family occasionally renting out their spare room to earn some extra cash, these are basically full-time underground hotel businesses.
The numbers are pretty stark. Turns out hosts listing multiple residential units for rent on the site generated almost 40% of Airbnb’s revenue in 12 of the nation’s largest cities, and nearly one-third of the company’s revenue came from landlords offering units for more than 360 days a year. These full-time hosts are operating year round, just like a hotel, while dodging basic health, safety, zoning, and tax standards that even the smallest bed & breakfast has to follow.