Airbnb: Guests Contributed $4.4 Billion to Los Angeles Economy Last Year

Published on June 2, 2024

LOS ANGELES—Airbnb’s guests contributed $4.4 billion to Los Angeles’ economy in 2023—with nearly 3.3 million guests arriving to visit the city—while supporting 43,000 jobs and generating $1.2 billion in total tax revenue, the company reported Friday, May 31. The company generated more than $35 million in local occupancy taxes contributed to the city of Los Angeles last year, Airbnb reported in its newly issued Economic Impact and Housing Report for the L.A. metropolitan area. According to a 2023 survey of hosts in the Los Angeles area, 62 percent of residents said the income earned through hosting has helped them stay in their home, while 26 percent said hosting helped them avoid foreclosure or eviction, Airbnb said....

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