As the Official Alternative Accommodation Provider for the Rio 2016 Olympics, Airbnb has announced an expected economic activity of US$ 76 million in Rio de Janeiro during the Summer Games. This figure includes about US$ 25 million in host income, a significant financial boost for locals who are facing a period of recession in the country.
“With 66 thousand guest arrivals for the Games and counting, Airbnb travelers could pack the iconic Maracanã stadium. And locals get a chance to be closely involved with the Olympics by hosting visitors and serving as ambassadors to their home country all while participating in the economic boost of the event,” said Joe Gebbia, during the Airbnb Community Overview launch event in Copacabana.
Rio hosts also shared their stories with journalists, highlighting their passion for welcoming visitors. “My guests arrive and expect my famous chocolate cake. It’s not a perfect cake, but they always love it. It’s like my house. It’s not perfect but it’s my home, and I keep it with love,” said Lulu Couto, a retired dance instructor and superhost.
Airbnb Olympics highlights
- Over 66 thousand guest arrivals (half domestic, half international)
- Reservations average US$ 165 per night for three guests
- Six nights on average per reservation
- Host Income is expected to total US$ 25 million
- Average Airbnb Guest Spending in Rio US$ 136 per day
- Estimated Economic Activity during Games US$ 76 million
(Economic Activity in Rio in 2015: US$ 160 million)
Following through on our commitment to share data and to celebrate the growth of home sharing in Brazil, we have published documents with data on hosts, guests and listings:
“Brazil is embracing home sharing in a consistent manner, and listings have doubled in the last twelve months, reaching 95 thousand. In a period of economic hardship, Airbnb now presents affordable choices for travelers and extra income for hosts,” said Leo Tristão, Brazil Country Manager.
Brazil Community Overview Highlights for June 2015 to June 2016:
|Annual Earnings: $ 1,500 (in Rio:$ 1,900)
Average Age: 42
Over 50 years old: 29%
|Guest arrivals: 622,000
Average Age: 34
Average group size: 2.8
|Nights hosted per year: 20
% of listings with less than 30 nights hosted: 60%
Average group size: 2.8
Data based on one year period preceding June 1st 2016.