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Airbnb sees growth in the state: N.J. hosts earned over $50M in 2016

Ridgewood Realestate

By Andrew Sheldon, February 17, 2017 at 12:39 PM

It sure sounds as though it might pay to rent out that extra bedroom.

Airbnb announced that New Jersey’s 6,100 active hosts earned over $50 million dollars in supplemental income in 2016 by welcoming approximately 257,000 visitors to the Garden State. This figure represents a 100 percent year-over-year increase in inbound guest arrivals, according to the company.

The company says a typical host in New Jersey earns $6,200 annually. The typical listing is occupied 44 nights per year and the average length of stay is 4.2 nights.

https://www.njbiz.com/article/20170217/NJBIZ01/170219828/airbnb-sees-growth-in-the-state-nj-hosts-earned-over-50m-in-2016