Virginia Airbnb’s earned over $60 million this summer

Published: Sep. 12, 2019 at 5:06 PM EDT
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Thursday morning, Airbnb announced Virginia hosts earned a combined $60.3 million in supplemental income. From Memorial Day weekend through Labor Day, the hosts welcomed over 350,000 guests.

“Throughout the summer of 2019, we have continued to see the significant, positive impact of our short-term rental community across Virginia. With more guest arrivals this summer than ever before, hosts and small businesses have been able to enjoy the opportunities created by an expanded tourism economy,” said Kelley Gossett, Head of Mid-Atlantic Public Policy for Airbnb. “As we mark yet another historic summer and look ahead, we hope to keep working with State government, as well as towns and cities statewide, to ensure short-term rentals can continue to play a strong role in the entire Virginia economy.”

The five most popular Virginia destinations were Virginia Beach, Richmond, Charlottesville, Norfolk, and Arlington.

Most of the guests came from Washington, D.C., Richmond, and Virginia Beach, showing the growing popularity of Airbnb among Virginians looking to further explore their home state. As of July 2019, more than 1.6 million Virginians used Airbnb to travel over the past year.

In addition to helping hosts earn supplemental income, It seems that Airbnb also helps generate revenue for local economies. According to an Airbnb survey of more than 35,000 responses from the U.S. host and guest community:

• 92 percent of Airbnb hosts say they recommend restaurants and cafes to guests.

• 56 percent of Airbnb hosts say they recommend cultural activities such as museums, festivals, and historical sites to guests.

• 55 percent of Airbnb hosts say hosting has helped them afford their homes.

• Airbnb guests say 41 percent of their spending occurs within the host neighborhood.

Since Airbnb was founded, hosts keep 97 percent and have earned over $65 billion sharing their homes.