Airbnb Captures 1% of Visitors in Its Largest Market, New York City
Photo Credit: Airbnb hosts a food drive in New York City after Hurricane Sandy. Flickr / Airbnb Community
Skift Take
Regardless of the growing pains, peer-to-peer services such as Airbnb are on track for dramatic growth. NYC and other cities are going to have to find ways to deal with it.
Airbnb is in the midst of what is shaping up to be the defining fight of the sharing economy thus far. Two weeks after the home-sharing startup filed to block the New York State Attorney General's subpoena for user records, Airbnb released a year-long study touting its positive economic impact in the city.
The report, conducted by HR&A Advisors, says Airbnb generated $632 million in New York City over the past year; $104 million of this was generated in boroughs outside of Manhattan.
The report says that domestic Airbnb guests stay twice as long as hotel visitors (5.2 nights versus 2.5 nights) and
