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

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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.

 

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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 »