Airbnb says it has generated $240 million for Paris
Airbnb, which some cities have targeted as a threat to residential housing, has released a report (PDF) highlighting how much money it pours into local economies. The company's latest economic impact study said it generates about $240 million (185 million euros) for the city of Paris.
The company also took care to highlight how Airbnb hosts are actually using the service to supplement their income and pay for their homes. Airbnb found that 83 percent of Paris hosts rent the home they actually live in and 46 percent said they need the income for "essential living expenses such … Read more