Airbnb : The impact of the Airbnb community in New York State

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:

• 24/7 Neighborhood Support Line
• Global ban on unauthorized parties
• New technology to identify high-risk reservations