Closing Bell: Tallying Airbnb Use in Queens

Today Airbnb, the popular short term rental provider, released stats regarding its use in Queens. From August 2012 to July 2013, the borough saw a total of 680 hosts and 16,200 guests. And according to a study by Airbnb, the service generated a total of $12,000,000 of economic activity during that timeframe. $4,000,000 went to the hosts who rented out their spaces, and $7,000,000 went to local businesses in Queens. Here’s what Airbnb CEO Brian Chesky stated in a press release: “Airbnb is helping Queens residents pay their bills and pursue their dreams while giving travelers a new, authentic way to experience New York City by staying in different neighborhoods.”

Recently Airbnb has heavily promoted its economic impact in New York City, due to some murky legality questions.

Photo via Airbnb