Airbnb hosts in Madrid have been welcoming guests into their homes since 2009. Over the past five years, Madrid residents have formed a vibrant Airbnb community, sharing unique experiences with travelers from around the world.
The following report examines the impacts of Airbnb’s community in Madrid . Economic, social, and environmental impacts have all been evaluated to understand how Airbnb fits into
the city. The analysis is based on all travel to Madrid during the year-period from January 2014 through December 2014.
Airbnb’s business model has far reaching economic impacts that benefit a) the city overall, b) the tourism industry, c) neighborhood businesses and d) local households.
In the process, visitors are connected to a more diverse and affordable range of experiences, local households earn additional income, and spending is distributed throughout the city among businesses and neighborhoods that do not traditionally benefit from tourism.
For an overview of Airbnb’s community in Madrid, see Airbnb’s Positive Impact in Madrid.
Overall Economic Impact
Host income and visitors’ daytime spending has a significant economic impact in the economy. The economic impact and jobs supported figures below reflect the impact of money spent in Madrid on the national economy.
Impact on Residents and Households
Airbnb helps many Madrid residents make ends meet. The typical Airbnb host in Madrid earns € 320 per month, renting out her home about 68 nights per year, or just under 9 nights per month.
Impacts in Neighborhoods
Airbnb distributes economic impacts to neighborhoods that have not traditionally benefited from tourism spending. With accommodations available on the Airbnb platform across more than 60 Madrid neighborhoods, Airbnb visitors are staying in and exploring places they might never have otherwise visited.
The findings are based on Airbnb host and guest surveys for travel to Madrid between January 2014 through December 2014.
Back to Madrid Overview.