Airbnb claims to double NYC economic impact to $1.15 billion
Airbnb has nearly doubled its economic impact in New York City during 2014, a new study has found.
According to the research, which was conducted by HR&A Advisors, the total impact of Airbnb guests in the city is $1.15 billion. A previous study promoted by Airbnb found an impact of $632 million to the greater New York City area.
The current study, again commissioned by Airbnb, looked at rentals during the full year of 2014, and found the total amount of impact to also include $235 million in economic activity outside of Manhattan itself. According to the study, the total job count supported by this revenue sits at 10,000.
In the announcement, Airbnb’s regional head of public policy Max Pomeranc holds firm on the company’s stance that the supplemental income from renting out a spare room is making New York more affordable for Airbnb hosts.