Airbnb Generated $6.5 Billion Boost for Local Restaurants Globally

As revealed by the freshly published report by leading tourism rental platform Airbnb, guests had ended up contributing as much as $6.5 billion to the restaurants in cities across the world in the last year alone.

Especially London was greatly impacted.

The tourism spending has been rising by 79 million pounds since September 2016, right from 443 million to 522 million.

Airbnb has noted that their sharing service shifts the pattern of where tourists stay from central to more residential neighborhoods implies that regional restaurants are also benefitted to a great extent and not just around the hotel districts. The General Manager of the Northern Europe section of the company James McClure states that guests utilizing Airbnb to travel are not just looking forward to live royally like a local through the homes to stay in.

As per the official statistics presented in the report, 43% of spending is done by the guests of Airbnb in the neighborhood they were staying in.

The guests of Airbnb were spending more in local businesses than they had done ever before. More than half the tourists who had economized by staying with this rental platform used the money they had actually saved to buy groceries from neighborhood shops, further assisting local economies.

This report also coincides with the declaration of the company joining forces with Resy that represents the restaurant booking app.

The app is eager to boost from its current US-bound operations offering traveller advice on regional restaurants and does away with the challenge of language barriers during bookings.