Minneapolis Airbnb Hosts Doubled Last Year But Still Catching Up
More and more people in the Twin Cities are opening their homes to overnight guests – but it’s still a relatively shy place.
Airbnb, the app-based service that lets people list their homes for short-term lodging, revealed last week that 600 people in Minneapolis hosted 33,400 guests in the year that ended on June 30th.
That was more than double the number of people who had used Airbnb to stay in the city the previous year. It is also well above Airbnb’s national average for usage growth.
But Midwestern cities are in catch-up mode with what’s called the home-sharing economy. They work from smaller bases in terms of guest numbers and are now experiencing faster growth rates than cities, mainly on the coasts, where there are more people willing to rent out part of their home for overnight stays. short duration.
Among the 14 largest home-sharing cities in the Midwest, every market saw at least 90% growth in guest numbers. Cincinnati, Indianapolis and Columbus saw stays more than triple, the company said.
“When people look at the home-sharing economy, you hear about coastal cities like Los Angeles and New York, but it’s right here in the heartland where the growth has been strongest,” Ben said. Breit, spokesperson for Airbnb in the Midwest.
The data follows the cities because that’s where most of the list is. The company has not released information for the Twin Cities suburb. St. Paul had 200 hosts and 6,400 guests, an increase of 107% over the previous year.
When it comes to host numbers, Minneapolis pales in comparison to much larger cities like Chicago, which had 5,000. Minneapolis is also slightly behind some comparably sized Midwestern cities like Cleveland, which had nearly 1,200 guests.
However, relative to the number of hotel rooms in the city, Minneapolis seems to have a fairly typical number of Airbnb listings. Ian McHenry, co-founder and CEO of Beyond Pricing, said he’s tracked about 9,000 hotel rooms and 1,300 Airbnb listings in Minneapolis, a ratio he says is in line with the national average.
“There’s a lot of secondary markets just figuring this out,” McHenry said. “Anecdotally, if you talk to a friend in New York, they’re more likely to have heard of Airbnb than a friend who’s out there in Columbus or Milwaukee.”
That’s subject to change, especially in Minneapolis, which hosts the 2018 Super Bowl.
Airbnb spokesperson Christopher Nulty said that although the event is still two years away, he expects to see an increase in listings as people prepare for the tens of thousands of visitors. expected at this event.
He said in other cities that have hosted major events that created demand for short-term accommodations, Airbnb has proactively worked with city leaders to create rules and regulations. For example, when Airbnb hosts in Cleveland hosted 1,900 guests for the Republican National Convention in July, the company worked with Cuyahoga County lawmakers to collect occupancy taxes.