New report shows Airbnb travel supports 345K EU jobs
- Travel on Airbnb supports almost 345,000 EU jobs and generates nearly €19 billion GDP contribution through guest spending.
- Longer stays, changing guest profiles, and increased spending drive economic recovery for EU communities.
- Domestic and short-haul travel preferences continue to underpin new travel trends.
A new report released today by Oxford Economics shows the positive impact of travel on Airbnb in the European Union, and the unique benefits this generates for families and communities across the bloc. The report, which was commissioned by Airbnb to look at how the pandemic has changed travel, is the first ever look at the impact of travel on Airbnb in the EU, and highlights new trends that Oxford Economics predicts will persist for at least the medium term.
According to Oxford Economics, travel on Airbnb supported almost 345,000 jobs – equivalent to a GDP contribution of €19 billion ($21 billion) of spending by guests on Airbnb – across the EU27 in 2019. Airbnb had the most significant impact on direct employment in France (81,000 jobs), Spain (62,000 jobs), Portugal (39,000 jobs) and Italy (35,000 jobs).
Since the pandemic began, travel to EU cities has fallen more sharply across the entire travel sector than any other destination category and nights in major cities* declined 62% YOY in 2020, compared to 46% for other locations across the sector as a whole. Driven by a fall in international and business travellers, who typically favour big city destinations, the EU city share of tourism nights* in aggregate fell from 17% in 2019 to 12% in 2020. It is estimated to have dropped further to 11% in H1 2021 (based on actual and estimated data).
Against this backdrop, the positive impacts of Airbnb travel in the EU have grown during the pandemic. Airbnb has seen an increase in stays outside of major cities four times greater than the wider travel industry, helping to rebalance travel across the bloc. At the same time, according to Oxford Economics, the number of EU jobs supported by travel on the platform increased to 5.1 jobs per 1,000 guests in 2020 from 4.7 per 1,000 guests in 2019, driven by increased guest spending and longer stays on Airbnb. Airbnb data shows that long-term stays of 28 days or more are the fastest-growing category by trip length on Airbnb and accounted for 20% of gross nights booked in Q3 2021, up from 14% in Q3 2019.
The trend for guests staying longer in rural destinations on Airbnb is underpinned by a changing guest profile that is increasingly European, the report says, who are more likely to stay outside of big cities. Airbnb data shows that the profile of guests staying with EU Hosts has become more European than at any point in history.
Oxford Economics predicts that the anticipated faster recovery of domestic and short-haul travel will strengthen these trends in the medium-term.
“Travel has changed forever and Airbnb is helping more Europeans benefit from travel in their communities on an unparalleled scale. Airbnb is an increasingly European phenomenon with European guests generating benefits for European Hosts and communities, who keep the vast majority of the economics generated by travel on Airbnb. As European decision-makers continue their work on new rules for people who share their homes, we will continue our work with cities on measures to help Hosts share their homes, follow the rules and pay tax, based on our experience of working with thousands of governments and organisations across the world.” - Chris Lehane, Senior Vice President of Global Policy and Communications.
Last week, Airbnb revealed for the first time it has collected and remitted more than €315 million ($365 million) in tourist taxes across the EU and that changing travel trends mean that the economics generated by travel on Airbnb – including tourist taxes – are being distributed more widely across the EU than ever before.
You can access the full report here.
*According to the sample of 66 major cities in the Tourism Economics Global City Travel database
Read more about: EU
Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer unique stays and one-of-a-kind activities that make it possible for guests to experience the world in a more authentic, connected way.