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%
<strong>Say their Airbnb income helps cover the rising cost of living</strong>
65%
<strong>Said the income earned through hosting has helped them stay in their home</strong>
30%
<strong>Said hosting helped them avoid foreclosure or eviction</strong>
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
<strong>Guests welcomed to New York in 2023<sup>2</sup></strong>
1.5M
<strong>New Yorkers traveled within NY in 2023<sup>3</sup></strong>
$237
<strong>Spent per guest in NY per day<sup>4</sup></strong>
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
<strong>Total economic contribution to GDP in New York</strong><sup><strong>5</strong></sup>
$1.2B
<strong>Estimated total tax revenue in New York in 2023</strong><sup><strong>6</strong></sup>
$13M
<strong> In tourism taxes collected and remitted by Airbnb on behalf of hosts in New York</strong><sup><strong>7</strong></sup>
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
The post The impact of the Airbnb community in New York State appeared first on Airbnb Newsroom.
