The impact of the Airbnb community in New York State

Key Takeaways

  • 64% of hosts in New York say their Airbnb income helps cover the rising cost of living.
  • ~$4.5B total economic contribution to GDP in New York.

Key Takeaways

  • 64% of hosts in New York say their Airbnb income helps cover the rising cost of living.
  • ~$4.5B total economic contribution to GDP in New York.

A source of supplemental income

In New York, Airbnb is an important economic tool for residents who share their home in order to earn extra money. Home sharing allows many New Yorkers to keep up with increased costs of living, inflation, and rising mortgage rates. According to a survey of hosts in New York State1:

64%

Say their Airbnb income helps cover the rising cost of living

65%

Said the income earned through hosting has helped them stay in their home

30%

Said hosting helped them avoid foreclosure or eviction

Supporting New York’s financial resilience

By welcoming guests who spend money at small businesses, restaurants, and natural attractions, hosts in New York help support their local communities and New York’s tourism economy. In 2023 alone:

4.2M

Guests welcomed to New York in 20232

1.5M

New Yorkers traveled within NY in 20233

$237

Spent per guest in NY per day4

Airbnb hosts help generate valuable tax revenue. Taxes driven by travel on Airbnb are vital sources of funding for government services and directly benefit New York residents.

~$4.5B

Total economic contribution to GDP in New York5

$1.2B

Estimated total tax revenue in New York in 20236

$13M

 In tourism taxes collected and remitted by Airbnb on behalf of hosts in New York7

Building trust

At Airbnb, we are committed to building effective tools and policies to support community safety, responsible travel, and thriving neighborhoods. Since 2020 we have implemented:

  1. Internal survey of hosts in New York between January 1, 2023 and December 31, 2023.
  2. Internal data from January 1, 2023 to December 31, 2023.
  3. Internal data from January 1, 2023 to December 31, 2023.
  4. Based on a survey of Airbnb guest in  New York from January 1, 2023 to December 31, 2023.
  5. Economic contribution metrics are generated using IMPLAN‘s input-output model using multipliers from the 2022 data year (the latest available at the time of analysis) for the New York MSA, and are reported in 2023 dollars. Model inputs are host earnings & guest spending, where spending is based on a survey of Airbnb guests staying in New York.
  6. Estimated total tax revenue associated with economic activity generated by Airbnb stays in New York State. This includes the total value of taxes associated with hosts income and spending and the economic activity stemming from guests visiting local businesses.
  7. Local hotel occupancy taxes collected and remitted by Airbnb on behalf of Hosts in New York State in 2023.