Airbnb puts cash in pockets

BANGKOK, 5 July 2019: Airbnb’s host and guest community generated over THB33.8 billion in estimated direct economic impact in Thailand in 2018, according to new survey findings and analysis of internal data released Thursday.

The survey also claimed Airbnb’s host and guest community generated over USD100 billion in estimated direct economic impact across 30 countries in 2018.

Airbnb says its community-based model delivers a significant economic impact for local families, businesses and communities across Thailand, including those places that have traditionally missed out.

According to the survey, 80% of Thailand’s Airbnb hosts say they recommend restaurants and cafes to guests, and on average Airbnb guests say 46% of their spending occurs in the neighbourhood where they stay.

Airbnb general manager for Southeast Asia, Hong Kong and Taiwan Mike Orgill shared: “The Airbnb community of hosts and guests makes a large and increasingly important contribution to Thailand’s economy. As our community of hosts and hospitality entrepreneurs grows, it generates more economic opportunities for local businesses and communities right across Thailand.”

Key Thailand findings

Guests who say Airbnb impacted the length of their stay on average added 8.1 days to their trip.

62% of guests say the environmental benefits of home sharing matters in their decision to use Airbnb.

95% of guests say the security of payment matters in their decision to use Airbnb.

52% of Airbnb hosts say they recommend cultural activities such as museums, festivals and historical sites to guests.

46% of hosts say hosting has helped them afford their homes.

31% say Airbnb provides the supplementary income they rely on to make ends meet.