Airbnb's LA fillip
What’s the value of Airbnb to a large city like Los Angeles? Make that $312 million a year in economic activity, plus support for around 2,600 jobs. LA had close to 4,500 Airbnb hosts in the 12 months to April 2014, and a typical accommodation provider earns $660 a month, renting out a home 59 nights a year, according to research conducted by Airbnb/Land Econ Group.
Wait there’s more. Almost half of Airbnb hosts work in the arts, entertainment and recreation, and their average age is 43. A significant percentage earn below the median household income. Over 40% of Airbnb guests visiting LA come from outside the country, and without as an accommodation option, 37% say they would not have visited the city, or not have stayed as long,