Online rentals benefited Greece by $1.4billion, says Airbnb

Airbnb data article from keeptalkinggreece for 2018, here at The Kefalonia Pulse we see this as mixed news for Greece it is creating issues in parts of Greece where it has inflated the price of housing to a point where locals cannot afford to buy houses and secondly and maybe being seen more significantly this year often after hiring through Airbnb the people use the improved cooking and villa facilities more thus generating less revenue into local taverna’s and other external attractions.

The Greek economy benefited from Airbnb by 1.4 billion US dollars in 2018, the online rentals platform said in a press release. Airbnb released statistics for over 30 countries about the “direct economic impact” of the platform. The data are based on host income and estimated guest spending- in USD during trip.

According to the platform, the rentals benefit directly the local society where owners live, as they promote local activities, places to see and eat, and neighborhood history.

A company analysis estimated that owners and travellers together created over 100 billion US dollars in estimated benefit to all 30 countries listed.

 

The estimates, Airbnb said, were based on owners’s revenues and travellers’ reports of spending in the duration of their stay.

Travellers themselves said that 42 pct of their spending took place in the neighborhood the rental was located. They also said that Airbnb had led them to extend their trip by an average of 4.3 days.

According to the Airbnb statistics, Greece is on the 14th place following Germany, China and Brazil:

The online rentals platform notes that *2018 estimated direct economic impact is the sum of Homes host earnings and estimated guest spending. Host earnings is based on internal Airbnb data. Estimated guest spending is based on nearly 12,000 responses to a voluntary survey sent to a sample of Airbnb guest accounts that had taken a trip to those countries in 2018. No payment or other incentive was provided in exchange for completing the survey.

PS As long as everyone pays the taxes, it’s fine with me. Pity only for locals that they can hardly fin 1- to 2-bedroom apartments anymore.

article source-keeptalkinggreece.com

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