How many people are running a mini-hotel on Airbnb, annoying their neighbors, and potentially flouting local zoning ordinances? How much money are people making? How many nights are they renting out their homes?
After months spent on the defensive, deflecting such questions and trying to convince authorities that its members aren’t running illegal operations that skirt local laws and jack up rents, the home-sharing company is ready to give a glimpse at its data to help answer those questions—at least in New York City.
At Airbnb’s headquarters in San Francisco, a company spokesman handed over a laptop running a spreadsheet filled with anonymized data on the 59,000 or so listings in New York City between Nov 1, 2014 and Nov. 1, 2015. “This is the first time we have done it, and we hope it will serve as a model for how we do things going forward,” Chris Lehane, Airbnb’s global policy head, said in a phone interview.
For those who want to view the data, Airbnb requires a visit to its office in New York. To save you the trip, Bloomberg pulled out some of the most interesting data points.
16 percent: The percentage of hosts who list their full home or apartment on Airbnb for more than 121 days a year. Three percent of hosts list for 271 days or more. Facing criticism over long- term rentals, Airbnb Chief Executive Officer Brian Chesky wrote a blog post last month saying the company discouraged the practice. More than half list their full homes or apartment for between 1 and 30 days.
$5,110: The median annual amount of money earned by hosts in New York City. Manhattan neighborhoods, including SoHo and the East Village, have the highest median rent ($6,558). The Bronx has the lowest ($3,249).
126: The number of New York City hosts who make between $100,001 and $350,000 a year from Airbnb. Another 888 made between $50,000 and $100,000 in a single year. Not chump change. Most hosts make less than $10,000 a year.
25 percent: The percentage of revenue going to those actively renting out their entire homes who listed more than two properties on Airbnb last year. Critics say the website allows commercial renters to become mini hoteliers, but Airbnb said that’s not what the service is about. The company projected that the number will drop to 7 percent in the future.
42: The number of nights a year the median Airbnb property is rented out. That’s about 3.5 nights a month.
This article was written by Eric Newcomer from Bloomberg and was legally licensed through the NewsCred publisher network.