First, this report on Airbnb in Los Angeles, by the Los Angeles Alliance for a New Economy (LAANE), is fantastic, especially compared to Airbnb’s own study from December. It mixes data with thoughtful commentary with investigative work that could only be carried out by someone who knows the city. (I did contribute a bit of help in the data collection area, but had nothing to do with writing or the report itself.) Here are some highlights.
- Airbnb’s report has this to say about its impact on neighbourhoods (in total):
Airbnb distributes economic impacts to neighborhoods that have not traditionally benefited from tourism spending. With Airbnb properties in more than 80 Los Angeles neighborhoods, Airbnb visitors are staying in and exploring places they might never have otherwise visited.
The LAANE report shows that the Airbnb business is, in fact, concentrated on areas that are already heavily affected by tourism: while “AirBnB has units listed throughout Los Angeles, but just nine of the City’s 95 neighborhoods are responsible for generating 73 percent of the company’s revenue.” In tourist hotspot Venice, one in eight units are now Airbnb rentals.
- 1010 Wilshire is a high end apartment … Continue reading