How Airbnb Is Jumpstarting Tourism In NYC

How Airbnb Is Jumpstarting Tourism In NYC
Arts & Culture

Tourism solves New York City's financial problems by bringing in funds from abroad.

Serena Chu
  • 23 october 2013

Established in 2008, Airbnb is an online community for people to list, find, and rent unique accommodations around the world. Proud of their accomplishments, Airbnb published a report highlighting the amount of business and positive economic impact the company has brought to NYC.

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According to their new study, the site has generated over $600 million in economic activity, and collected nearly $31 million in sales tax from Airbnb guests. When compared to the typical tourist, Airbnb guests, on average, spend more time and money in New York.

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Not only does the travel rental site helps everyone in NYC pay their bills, but it also creates a melting pot of international travelers that fortifies relationships for the future. Travelers are given a chance to explore New York in a different way, and visit neighborhoods that are not traditionally popular. The best part is that all five boroughs are benefiting from the Airbnb system, which means New York as a whole is growing and increasing its value.


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