News Formal

Airbnb stays contribute $1.6 billion to San Diego-area economy, company report finds

  • 📰 10News
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

Airbnb News

San Diego Airbnb,San Diego Economy

City News Service is one of the largest regional news services in the country, serving the Southern California region.

SAN DIEGO - Guests staying at Airbnb rentals in the San Diego area contributed an estimated $1.6 billion to the regional economy in 2023, according to a report released Thursday by the short-term rental company.

According to a 2023 survey of hosts in the San Diego metro area, 54% said the income earned through hosting has helped them stay in their home, while 12% said hosting helped them avoid foreclosure or eviction. The law came partly in response to San Diego's housing crisis and caps short-term vacation rentals at 1% of the city's housing supply, while prioritizing"good actors" in a lottery to determine who gets to offer properties for whole-home vacation rentals.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb stays contribute $1.6 billion to San Diego regional economy, company report findsThe report claims 1.7 million guests contributed more than $34.7 million in local occupancy taxes to the city of San Diego.
Source: KPBSnews - 🏆 240. / 63 Read more »