Airbnb’s 2023 Canada Economic Impact Report
In 2023 Hosts and guests on Airbnb helped generate an estimated $10 billion in economic activity across Canada. Home sharing through Airbnb creates an additional income stream for Canadian Hosts, fuels visitor spending in communities, supports jobs across multiple industries, and contributes substantial tax revenue for governments.
Below you will find highlights from our 2023 Canadian Economic Impact report. To learn more, click here.
Airbnb’s contribution to the Canadian economy (in CAD)
$10B+
Total Economic Contribution to GDP
Tourism creates economic opportunities for local businesses through guest and host spending. Airbnb brings these opportunities to Canadian communities by allowing hosting beyond the boundaries of traditional tourist areas.
109K
Total Jobs Supported
The money spent by Airbnb guests and hosts helps support a wide range of jobs all over the country.
$6B+
In Total Labour Income Generated
The jobs supported by Airbnb economic activity are associated with a significant amount of labour income.
Economic Contribution
$10B+ in value added to GDP generated by Airbnb activity in Canada in 2023
$283
Spent locally by guests on other goods and services for every $100 spent on Airbnb
In 2023, guests that stayed in Airbnb spent an estimated $10B+ in other goods and services.
$763
Spent on other goods and services per guest on an average trip
International guests stayed on average 3.8 nights per trip and spent $915 on goods and services other than accommodation, vs 2.9 nights and $695 for domestic guests.
$255
Spent on restaurants per guest per trip
$125
Spent on entertainment and shopping per guest per trip
40%
Of guest spending stayed within the neighbourhood of their Airbnb
54% of guests would likely not have visited that neighborhood had it not been for their Airbnb.
$2B+
Spent locally within the neighbourhood thanks to Airbnb
Airbnb creates accommodations in neighbourhoods where hotels are less available, generating business for local communities.
Jobs Supported
Nearly 100K Canadian jobs were supported by Airbnb activity, more than a third of which were in food services
$12,200K
Typical Airbnb Host Earnings
52% of hosts said that money from Airbnb helped them stay in their homes, with 13% saying that it helped them avoid eviction or foreclosure.
$6B+
Income generated by Airbnb host and guest spending
Tax Revenue
Airbnb activity generated $7.6B in total tax revenue in Canada in 2023
$319M
Taxes associated with hosting
These taxes are remitted directly by Airbnb.
$7.6B
Total taxes associated with economic activity generated by Airbnb stays
These include taxes at the federal, provincial and municipal taxes, where applicable.
Methodology
The analysis was generated using the IMPLAN calculation process to estimate the economic impact of Airbnb in Canada. For this project, the model integrates Airbnb Host earnings and guest spending, which is based on a survey of guests who booked a listing through Airbnb and stayed in Canada in 2023. The model includes direct, indirect and induced economic contribution as defined below:
- Direct Economic Effects: refers to the immediate effects of an economic activity. In the context of tourism, direct economic impact refers to spending by tourists on goods and services such as accommodation, meals, transportation, attractions, and souvenirs.
- Indirect Economic Effects: refers to the secondary effects generated by the initial spending in related industries that supply goods and services to the primary industry. These industries provide inputs or support services necessary for the functioning of the primary industry.
- Induced Economic Effects: refers to the tertiary effects resulting from the increased household spending by employees in the directly and indirectly affected industries. This includes the spending of wages earned by employees in restaurants and other establishments as a result of guests’ and hosts’ economic activity.
- Total Economic Contribution to GDP: This is a measure of the contribution to GDP generated by Airbnb activity as a result of direct, indirect and induced effects.
- Total Jobs Supported: Number of full-time, part-time and seasonal jobs supported by the output generated by Airbnb activity. This metric includes direct, indirect, and induced effects.
- Total Tax Revenue: This includes the total value of taxes associated with (i) hosts’ income and spending and the economic activity stemming from guests visiting local businesses, and (ii) tourism taxes directly associated with hosting remitted by Airbnb.