From the White House to the townhomes of Capitol Hill, Eastern Market to the Lincoln Memorial, and from the locally-owned boutiques in Logan Circle to the Smithsonian, Washingtonians love to share their city with the world. And now, thanks to Airbnb, thousands of people in our nation’s capital are sharing their homes with the world.
For hosts, home sharing has helped thousands of middle class residents to take one of their greatest expenses – the cost of their housing – and turn it into a way to generate a bit of extra money. Meanwhile, guests are able to see the city through the eyes of locals, explore different neighborhoods and patronize new small businesses.
The collective impact of this activity is bringing significant dollars to neighborhoods in every corner of the city. In the last 12 months alone, Airbnb guests in Washington, D.C. spent nearly $77 million.
Over the coming months, policymakers in the District will discuss the best ways to regulate home sharing. Our community is committed to playing a constructive role in these conversations to ensure the city embraces smart, commonsense home sharing rules. The Airbnb community is already collecting and remitting millions of dollars of hotel taxes to the city each year.
In a report we released today we are sharing important data about our community in Washington to equip policymakers with more information as they work to craft fair, progressive rules. This information is part of the commitment that we made in the Airbnb Community Compact earlier this month.
Here are some of the highlights from the report:
Home sharing is creating a new economic engine in Washington, funneling millions of dollars to the city annually. Last year alone, Airbnb guests spent nearly $77 million at local shops and businesses. Meanwhile, the typical Airbnb host in Washington made $5,100 per year by sharing a room in their home or their entire space while they are out of town.
The vast majority of hosts in Washington are sharing their space on occasion. Across the city, 78% of Airbnb listings are rented less than 90 days per year.
Home sharing is reducing Washington’s carbon footprint. When compared to traditional accommodations, home sharing produces an energy savings equivalent to 2,200 homes, reduces water usage by the equivalent of 35 olympic-sized pools, and reduces greenhouse gas emission by the equivalent of 6,400 cars.
See the full report here.