BUSINESS NEWS - Airbnb has released new data on the impact of the home sharing community across the Western Cape.
The data highlights the continued growth of guests in the province and the positive impact Airbnb brings to local families, communities and businesses.
The data, which looks at host earnings and guest spending, shows that in 2017 the Airbnb community generated an estimated R5 billion of economic activity in the province, helping boost the local economy and putting money back in the pockets of regular people.
In 2017, almost 15,000 hosts across the province welcomed over 540,000 guest arrivals from around the world, a growth of 86% compared to 2016.
The typical listing was shared for less than two days a month with the typical host earning around R34,400 a year.
Airbnb community boosts Western Cape economy by R5 billion
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Posted on: 11:09 Fri, 13 April 2018
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