California’s Airbnb hosts took in $1 billion last year from some 5 million visitors who booked temporary lodging on the home-sharing platform, the company reported.
Host income rose 47% from $679 statewide in 2015, Airbnb said, while the number of Californians sharing their homes on the online platform soared 51% to 76,600.
Los Angeles, San Francisco and San Diego accounted for nearly half of the total rental revenue in the state in 2016.
In L.A., Airbnb hosts collected $262.6 million from 1 million guests. San Francisco rentals followed with $147.4 million from 444,000 guests and San Diego hosts brought in $69.6 million from 357,300 guests.
Airbnb’s state-by-state report of host income shows the growing popularity of the sometimes controversial home-sharing site.
The California report, released Wednesday, arrives as Los Angeles, San Diego and other cities grapple with how to regulate short-term rentals, whose critics claim are really commercial businesses that don’t belong in residential neighborhoods.
Airbnb spokesman Christopher Nulty said the company’s release of host income figures is part of a commitment it made in 2015 to regularly share data with municipalities about how its platform is being used.
“When a single platform is bringing in $1 billion worth of money and putting it into the pockets of Californians every year, it’s hard to ignore that impact, and it’s hard to not incorporate that into the conversation many communities are having about the best ways to regulate home sharing,” Nulty said.
Pacific Beach homeowner Tom Coat, who has been pressing San Diego to outlaw the short-term rental of entire homes when the owners aren’t present, said the Airbnb report was a public relations effort to influence local elected leaders.
“Airbnb is making a big profit off of selling the right to a peaceful environment in a residential zone,” said Coat, a board member of Save San Diego Neighborhoods.
In its report, Airbnb made a point of noting that it is collecting lodging taxes from its hosts in 17 cities and counties in California. Over the last couple of years, the San Francisco-based company has been negotiating more agreements with municipalities to collect such taxes.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source.
This Post Was Built With Fusion Page Builder!
Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of “de Finibus Bonorum et Malorum” (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, “Lorem ipsum dolor sit amet..”, comes from a line in section 1.10.32.
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don’t look even slightly believable. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn’t anything embarrassing hidden in the middle of text. All the Lorem Ipsum generators on the Internet tend to repeat predefined chunks as necessary, making this the first true generator on the Internet. It uses a dictionary of over 200 Latin words, combined with a handful of model sentence structures, to generate Lorem Ipsum which looks reasonable. The generated Lorem Ipsum is therefore always free from repetition, injected humour, or non-characteristic words etc.
Leave A Comment