The report claims 1.7 million guests contributed more than $34.7 million in local occupancy taxes to the city of San Diego.
in the San Diego area contributed an estimated $1.6 billion to the regional economy in 2023, according to a report released Thursday by the short-term rental company.
"This new analysis underscores how home sharing is an important economic engine for the San Diego region, allowing residents to supplement their income while supporting tourism and providing more affordable options for travelers," said Andrew Kalloch, Airbnb director of global policy development."It will help inform our work with local leaders to ensure we continue to support solutions that balance the benefits of home sharing with community needs.
Airbnb's report analyzes the housing market in the greater San Diego area,"where the chronic underproduction of housing is the leading cause of rising housing costs," the authors wrote.According to the company's analysis, 296,000 housing units would have needed to be added in the San Diego metro area over the last five years to stabilize rent growth at the rate of inflation, but only 30,000 units were actually constructed over that time.
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