So what exactly can Airbnb do for Michigan? Apparently, a lot.
Airbnb, an online marketplace and hospitality service, is a new way to travel. If you’re unfamiliar, this new hospitality option is one where the host opens their home or space and sets the price. Generally, there is a bit more freedom involved than a hotel/motel. Both freedom from restriction, and freedom for your wallet. It has over 3,000,000 lodging listings in 65,000 cities and 191 countries, but did you know it also made Michigan $48 million in 2017?
According to MLive, The average host brought in $6,300. Also, there are around 6,000 hosts in Michigan! That’s a lot of revenue for a lot of people. Anything helps, right?
Well, naysayers seem to think that Airbnb is in competition with the hospitality industry mainstays: the standard hotel/motel. However, this is not the case. Conversely, the fledgling hospitality service brought $1 million in collected taxes to the state’s revenue department.
Detroit, Traverse City, Ann Arbor and Grand Rapids were the most popular destinations for Airbnb patrons. According to MLive, “Detroit had 47,000 guest arrivals for earnings of $5.21 million. Traverse City had 29,300 arrivals for $4.38 million.” The next city did not quite rake in as much money but pulled in more customers. “Ann Arbor had 26,700 arrivals for $4.56 million.” In last place, but still incredible, “Grand Rapids had 17,000 arrivals for $1.58 million.”
This is over 90 percent growth from last year! Who knows what this financial growth will bring to Michigan in the coming years? It will definitely be interesting to track its growth, and it may make a real dent in the restoration of the economy.
What do you think? Also, have you ever stayed at an Airbnb? Let us know in the comments below.