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Airbnb Reports Online Rentals Lifting Greek Economy $1.4 billion in 2018

A villa on a remote island in Greece.

The Greek economy benefited from Airbnb by 1.4 billion US dollars in 2018, the online rental platform pointed out in statistics released for over 30 countries.

According to the announcement, the rentals benefit directly the local society where owners live, as they promote local activities, places to see and eat, and neighborhood history.

A company analysis calculated that owners and travelers together created over 100 billion US dollars in estimated benefit to all 30 countries listed, with 1.4 billion of this generated in Greece alone.

The estimates, Airbnb noted, were based on owners’ revenues and travellers’ reports of spending in the duration of their stay. Travelers themselves said that 42 pct of their spending took place in the neighborhood the rental was located. They also said that Airbnb had led them to extend their trip by an average of 4.3 days.

Based on estimated benefits assessed by Airbnb, the following are the top ten countries in the world, with Greece coming in 14th after Germany, China, and Brazil:

United States (33.8 bln dollars), France (10.8 bln), Spain (6.9 bln), Italy (6.4 bln), United Kingdom (5.6 bln), Australia (4.4 bln), Canada (4.3 bln), Japan (3.5 bln), Mexico (2.7 bln) and Portugal (2.3 bln).

Argophilia Travel News: This is the team byline for Argophilia Travel News. The copyrights for these articles are owned by Argophilia. No content may be redistributed without the permission of the owner.

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