Airbnb phoenix9/11/2023 ![]() “We’ve seen time and time again that Airbnb is unwilling to be transparent with their data, and now we know why: a growing portion of their revenue comes from commercial landlords using the platform to run businesses without having to abide by the rules of the road that guide all other commercial lodging operations. ![]() “Illicit and often illegal hotels operated in residential properties are disruptive to communities and pose serious safety concerns for guests, for communities, and for neighborhoods,” said AH&LA President and Chief Executive Officer Katherine Lugar. John O’Neill, Professor and Director of the Center for Hospitality Real Estate Strategy at Pennsylvania State University, who directed the research. The rise of these commercial hosts represents a large and growing revenue stream for short-term online rental platforms like Airbnb,” said Dr. “Phoenix, like many large metropolitan areas across the country, is seeing a significant growth in the number of Airbnb hosts that are renting out their units full-time, or operating multiple units as often illegal hotel businesses. The 235 Airbnb listings in these neighborhoods generated over $3 million last year alone. The ZIP code with the most hosts and units for rent was 85251, which includes the neighborhoods of Scottsdale, Las Viviendas, Desert Cove and Waterfront. The five Phoenix ZIP codes with the most properties listed on Airbnb generated almost $8 million last year for Airbnb.Multi-unit operators accounting for 14% of hosts in Phoenix, drove 40% of revenue in the metropolitan area – over $17 million last year.14% of operators listed properties for rent more than half the year (180 days), accounting for more than $9 million in revenue for the company.85% of operators listed properties for rent more than 30 days per year, accounting for more than $41 million in revenue for Airbnb in Phoenix. ![]()
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