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Airbnb hosts in Rhode Island welcomed nearly 8,000 guests, brought in more than $1.7 million per week this summer.
Airbnb announced today that its Rhode Island host community earned a total of approximately $24.1 million in supplemental income while welcoming approximately 111,700 guest arrivals to the state this summer, from Memorial Day Weekend through Labor Day.
Newport County was the most popular destination for visitors in the state this summer, welcoming 43,000 guests for a total host income amount of $11.6 million.
According to Airbnb, the top five city destinations for Airbnb guests to Rhode Island this summer were, in order: Providence, Newport, North Kingstown, Middletown and Westerly.
In addition, the top five origin cities for Rhode Island’s Airbnb guests were, in order: New York City, New York; Boston, Massachusetts; Providence, Rhode Island; Philadelphia, Pennsylvania; and Washington, D.C.
Airbnb says the number of Airbnb guests from Providence demonstrates the popularity of Airbnb among Rhode Island residents looking to explore their own state.
“Throughout the summer of 2019, we have continued to see the significant, positive impact of our short-term rental community across Rhode Island. With more guest arrivals this summer than ever before, hosts and small businesses have been able to enjoy the opportunities created by an expanded tourism economy, while the State has benefitted from additional tax revenue as a result of this growth,” said Josh Meltzer, Head of Northeast Public Policy in . “As we mark yet another historic summer and look ahead, we hope to keep working with State government, as well as towns and cities statewide, to ensure short-term rentals can continue to play a strong role in the entire Rhode Island economy.”
Airbnb did not provide any info or data on what payouts were made by them or hosts to cities or towns in taxes or fees, or any data by town on what percentage of these were considered legal or illegal Airbnb rentals by each community.
As of July 2019, approximately 195,500 Rhode Island residents used Airbnb to travel over the past year.
In addition to helping hosts earn important supplemental income, Airbnb says that they also help generate revenue for local economies around the world.
According to an Airbnb survey of more than 35,000 responses from their host and guest community in the United States**:
- 92 percent of Airbnb hosts say they recommend restaurants and cafes to guests.
- 56 percent of Airbnb hosts say they recommend cultural activities such as museums, festivals, and historical sites to guests.
- 55 percent of Airbnb hosts say hosting has helped them afford their homes.
- On average, Airbnb guests say 41 percent of their spending occurs in the neighborhood where they stay.
“Unlike other business models that siphon the money they generate out of communities, Airbnb activity directly benefits the communities our hosts call home. Since Airbnb was founded, hosts keep 97 percent and have earned over $65 billion sharing their homes that many use to pay the bills and pursue their passions,” Airbnb states.
What follows is an overview of guest arrivals and total host income for the summer of 2019, broken down by county.
|County||Total Summer 2019 Guest Arrivals||Total Summer 2019 Host Income|
This data provided by Airbnb comes at a time when Newport is in a hotel-building boom, with the possibility of at least six hotels being added;
- Construction of The Brenton Hotel, a 57-room hotel, at 31 America’s Cup, and Hammet Wharf Hotel, a 84-room hotel at the former Newport Yachting Center, is currently underway and are expected to be complete in 2020.
- A 150-room hotel, restaurant. banquet and wedding facility has been proposed on Waite’s Wharf.
- Carpionato Group also recently announced plans for the Newport Grand property, which would include Hyatt Place (140 rooms) and Hyatt House (120 rooms).
- The owners of Fifth Element have also have been given the green light by Newport Zoning Board to construct a 40-room hotel on Broadway.