Aug 30, 2018
What Airbnb really does to a neighbourhood
In the decade since it was launched, online home rental platform Airbnb has amassed millions of rooms worldwide. While Airbnb opens up some neighbourhoods to more tourists, it has sometimes proved unpopular with existing residents. The Barcelona study and various others - including those looking at Boston, Los Angeles, and the entire US - have also suggested a link between the concentration of Airbnb properties in a neighbourhood and rising rents. The Los Angeles study indicated that, in 2014, almost half of Airbnb listings were clustered in seven neighbourhoods, where rents increased a third more quickly than the city average. As for the wider community, Airbnb can help accommodate more tourists and drive new customers to businesses in primarily residential areas.
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