"Roughly 2.1 million tourists needing a place to stay will visit the 11 host cities next year, including an estimated 232,000 Airbnb guests, per the report. New York-New Jersey, which hosts the July 19 final, could see nearly $6,000 in average Airbnb earnings - the highest in the group. Bookings for that date already average $376, per AirDNA, a short-term rental analytics firm."
"Caveat: As seasoned hosts prep and first-timers consider joining in, homeowners should review local rules before renting out their spaces. Between the lines: Tourism is the main moneymaker for World Cup cities, Andrew Zimbalist, a professor emeritus of economics at Smith College in Massachusetts, previously told Axios. While local businesses (and short-term rental hosts) may see a boom, economists say the tournament's impact is more complicated than organizers project."
Roughly 2.1 million tourists needing accommodation will visit the 11 host cities next year, including an estimated 232,000 Airbnb guests. New York-New Jersey, hosting the July 19 final, could see nearly $6,000 in average Airbnb earnings — the highest among host cities. Airbnb partnered with FIFA to support host cities. Hosts such as Sébastien Long framed hosting as a way to ensure local economic benefits reach communities. Homeowners and new or seasoned short-term rental hosts are advised to review local rules before renting spaces during the tournament. Economists caution that while local businesses and hosts may see revenue boosts, the tournament's overall economic impact is more complicated than organizer projections.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]