Airbnb Worth $89 Million a Year to Brooklyn

Founded in August, 2008, San Francisco-based Airbnb is an online marketplace where you can list, search and book online accommodations in private homes around the world. From a one night stay in an Astoria studio to a month in a Greek villa, Airbnb connects people with unique and affordable accommodations in more than 35,000 cities and 192 countries.  And with a growing community of users, Airbnb provides owners with an easy way to monetize their unused space.

According to an Airbnb study of rental activity in New York City during the 12-month period between August 2012 and July 2013 (which you can read here), Brooklyn households hosting 118,400 Airbnb guests generated $38 million, and local businesses $57 million in related profits.

Airbnb hosts in Brooklyn spread the economic benefits throughout the borough by bringing travelers to parts of the city they wouldn't have found on their own, and by sending their guests to local restaurants, coffee shops, and stores where tourists don't usually go.

Read the Airbnb blog post.

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