The Airbnb Community's Economic Impact on New .CASE STUDY: BEDFORD-STUYVESANT, BROOKLYN Guests...

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Transcript of The Airbnb Community's Economic Impact on New .CASE STUDY: BEDFORD-STUYVESANT, BROOKLYN Guests...

  • The Airbnb Communitys Economic Impact on New York City

  • The Airbnb community supports New Yorks goals of strengthening and diversifying the citys economy.

  • Total economic impact that Airbnbs 416,000 visitors supported in New York City in the last year.

    $632MAirbnb guests support substantial economic impacts in New York City.

  • of Airbnb properties are located outside of Mid-Manhattan, compared to 30-40% of hotels located outside of Mid-Manhattan

    82%

    Airbnb visitors stay throughout New Yorks diverse neighborhoods, in all 5 boroughs.

    Distribution of Airbnb properties (pink) and hotels (blue)

  • This allows Airbnb visitors to explore neighborhoods that traditionally havent benefited from tourism.

    Outside Mid-Manhattan 188,600 (45%)

    Queens16,200 (4%)

    Bronx3,200 (1%)

    Staten Island1,400 (

  • In the past year Airbnb generated $105 million in economic activity and supported 950 jobs in the outer boroughs.

    These neighborhoods benefit economically from increased visitation. Queens$12M

    Bronx$3M

    Staten Island$955K

    Brooklyn$89M

    Manhattan$528M

  • 57%

    $740

    Airbnb guests support local business throughout New Yorks diverse neighborhoods.

    Average amount that visitors spend in the neighborhood where they stay.

    of visitors spending occurs in the neighborhood where they stay.

  • NeighborhoodCase Studies

  • CASE STUDY: LOWER EAST SIDE / CHINATOWN, MANHATTAN

    Guests stayed in the past year22,145Hosts851

    Total guest spending in the Lower East Side/Chinatown$17.1M

    to local households$9.9Mto local businesses$7.2M

    https://www.airbnb.com/locations/new-york/lower-east-sidehttps://www.airbnb.com/locations/new-york/chinatown

  • CASE STUDY: BEDFORD-STUYVESANT, BROOKLYN

    Guests stayed in the past year22,450Hosts643

    Total guest spending in Bedford-Stuyvesant$14.5M

    to local households$6.1Mto local businesses$8.4M

    https://www.airbnb.com/locations/new-york/bedford-stuyvesant

  • CASE STUDY: HARLEM, MANHATTAN

    Guests stayed in the past year28,310Hosts1,001

    Total guest spending in Harlem$18.1M

    to local households$8.4Mto local businesses$9.7M

    https://www.airbnb.com/locations/new-york/harlem

  • CASE STUDY: ASTORIA, QUEENS

    Guests stayed in the past year5,395Hosts300

    Total guest spending in Astoria$3.5M

    to local households$1.6Mto local businesses$1.9M

    https://www.airbnb.com/locations/new-york/astoria

  • The Airbnb community is contributing to a new economy. This sustainable, community-based form of tourism supports households, grows and diversifies tourism, and activates all five of New York Citys boroughs.