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Airbnb reports San Diego revenue for holiday weekends and events

Airbnb removes users affiliated with rally
Posted at 4:04 PM, Nov 08, 2019
and last updated 2019-11-08 19:04:50-05

SAN DIEGO (KGTV) - Airbnb reported this year how much revenue it contributes to renters and the City of San Diego during high-demand events and holiday weekends.

The vacation rental website said it generated an estimated $52 million in transient occupancy taxes for the City of San Diego between July 2015 and Aug. 2019.

San Diego was a popular destination for travelers last summer, Airbnb reported. Hosts earned a combined $75 million with some 345,400 guest arrivals between Memorial Day weekend and Labor Day.

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Top events included the July period spanning Pride and Comic-Con. During that time, Airbnb reported roughly 41,000 guest arrivals and $9 million in revenue for hosts.

Rentals set a record over Labor Day weekend, with 15,000 San Diego tourists choosing to stay at Airbnb properties, the company said.

“While San Diego hotels are well known to book up and sell out well in advance in spite of high nightly rates, the Airbnb home-sharing community helps the city welcome visitors for big events like these by adding additional lodging options and allowing visitors to find affordable places to stay together,” the company said in a news release.

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Airbnb said around three-quarters of its listings are outside of central hotel districts, putting vacationers into neighborhoods with permanent residents.

The presence of vacation rentals has created tension in some communities. In May, shots were fired during a party at an Airbnb rental in La Jolla. Five people were shot and killed at an Airbnb rental in the Northern California city of Orinda on Oct. 28.

Airbnb announced changes to its rental policies this week, including a 24/7 neighbor hotline and verification of listings.

RELATED: Airbnb rolls out new safety plan following shooting in California that left 5 dead