News & Articles - income

  • Airbnb generates $402 million in economic activity in Vancouver

    A new report written by Dr. Brock Smith, a professor in the Faculty of Business at the University of Victoria, shows that Airbnb guests and hosts generated $402 million in local economic activity in Vancouver in the past year. The economic impact report looks at guest travel from September 31, 2015 to August 31, 2016, a period where roughly 267,000 guests booked their stay with Vancouver’s Airbnb hosts and directly spent almost $180 million at local businesses during their stay. “This level of economic activity supports more than 9,100 full-time equivalent jobs for…

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