Airbnb: New Phoenix hosts rake in $1.5M during pandemic

Posted at 9:05 AM, Feb 19, 2021
and last updated 2021-02-19 11:39:59-05

PHOENIX — While fewer people traveled during the last year because of the Covid-19 pandemic, Airbnb says hundreds of people signed up to have their homes listed on the vacation rental online marketplace, bringing in $1.5 million in Phoenix since March 2020.

The data released this week by Airbnb (Nasdaq: ABNB) reveals that new hosts with only one listing who began accepting guests after March 2020 have already earned a collective $1.5 million in Phoenix, $15 million in Arizona and more than $1 billion globally.

In the U.S., Airbnb said new hosts earned $3,900 on average since March 2020, which a majority of hosts said goes towards paying important bills.

Airbnb said that during the past year, 55% of its new hosts are women, which the company pointed out have been leaving the workforce at faster rates than men during the pandemic.

Read the full article at Phoenix Business Journal.