by Christopher Elliott @elliottdotorg
January 20, 2016
New study released — just as Airbnb was found to be the fastest growing travel site.
Is the fastest-growing travel site taking short cuts to the top? That’s the conclusion of a new Penn State University analysis of Airbnb bookings– funded by a major hotel group.
The study was funded by the American Hotel & Lodging Association (AH&LA), a trade group that is in direct conflict with Airbnb. The report found that nearly 30% ($378 million) of Airbnb’s revenue in in 12 of the nation’s largest metropolitan statistical areas came from “full-time operators,” with rentals available 360 days a year. Each of these operators averaged more than $140,000 in revenue during the period studied, the research concluded.