According to a report by CBRE Hotels on behalf of the American Hotel & Lodging Association, Airbnb’s growth in the US is being driven by an increase in hosts renting out multiple units and entire homes. Such hosts generated more than $1.8 billion in Airbnb revenue in 2016, around 32.1% of Airbnb’s total US revenue from October 2015- 2016. Almost 70% of US hosts in the U.S. are renting out an entire home rather than sharing with guests.
The report shows revenue increase of 89% year over year in the top 13 markets of Austin, Boston, Chicago, Los Angeles, Miami, Nashville, New Orleans, New York, Oahu, Portland, San Francisco, Seattle, and Washington, D.C.
In Washington, D.C., a quarter of the company’s revenue comes from hosts who have more than 20 units each. Airbnb has responded by saying that there is a difference between advertised listings and actual completed bookings.
San Francisco and New York City showed a slower increase from whole-home listings, possibly as a result of local legislation affecting illegal hotels in those cities although both are mature markets for Airbnb with a high concentration of listings.