![]() There is not much evidence to support this claim one way or the other, though a study focused on Boston found that an increase in Airbnb listings there was associated with an increase in rents. The company also notes that roughly three-quarters of its listings aren’t in traditional tourist neighborhoods, which means that money is going to communities typically ignored by the hospitality industry.Ĭritics, on the other hand, have argued that home-sharing platforms like Airbnb raise the cost of living for local renters. ![]() In 2017 alone, Airbnb users booked over 100 million nights.īut what does the company’s growth and popularity mean for the cities and municipalities it operates in? According to Airbnb, it brings more money to these cities, in the form of both rental fees and the money that renters spend during their stays. As of 2018, the company offers over 5 million properties, in over 85,000 cities across the world, and its market valuation exceeds $30 billion. Only a few years ago, most travelers stayed in hotels.
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