Airbnb released a new economic report on our emergence as a platform that generates important income for our 4 million Hosts and revenue for their approximately 100,000 cities and towns around the world -- including new data on this impact on our Tennessee Host Community.
The report was released ahead of a roundtable discussion with Airbnb Co-Founder and Chief Strategy Officer Nathan Blecharczyk, US Secretary of Commerce Gina Raimondo and other business leaders on the importance of broadband to the foundation of an “ownership economy”— an economy that keeps more of the returns of online marketplace activity with the communities and the people who power these platforms.
According to the report:
- The typical US Host earned more than $8,000 in from January through September 2021, which represents nearly an extra month and a half of pay for the median US household and is more than most Americans received in government-provided stimulus payments.
- Women Hosts in the US, who make up 60 percent of our US Host community, earned more than $4 billion in the first three quarters of 2021.
- To date, Hosts around the world have earned more than $140 billion welcoming guests through our platform, including more than $54 billion in the US alone.
- In Tennessee, Airbnb Hosts have earned $1.4 billion since 2010.
- We have collected and remitted more than $4 billion in tourism taxes around the world, including $520 million in US communities from May through August 2021.
The world is undergoing a revolution in how we live and work. Technologies like Zoom make it possible to work from home—Airbnb makes it possible to work from any home. As this travel revolution unfolds, Airbnb looks forward to working with local governments -- including in Tennessee -- to expand the ownership economy, helping more people and places own their futures in tourism.
