In what was intended to be a peer-to-peer business model, Airbnb is being manipulated in Miami, asserts the AHLA, where a new report indicates 62 percent of revenue came from operators listing multiple units for rent.
It is the highest percentage of the 14 cities studied by the American Hotel & Lodging Association. Other findings:
Nearly 40 percent of Airbnb's revenue in Miami sources from full-timers, considered those who list their units over 360 days per year 76 percent of revenue (over $93 million) came from 30 percent of operators Essentially Airbnb has been largely commercialized in the Miami area, which is irking hotel owners as it affects their bottomline.
"Unregulated hotels operated in residential properties are disruptive to communities and pose serious safety concerns for guests, for communities and for neighborhoods," said AH&LA President and CEO Katherine Lugar. "In Miami, as in cities around the country, we have seen that Airbnb is unwilling to be transparent with its data and help in creating safe environments for its users and the communities in which it operates. And now we know why: a growing portion of Airbnb’s revenue comes from commercial landlords using the platform to operate unregulated and often illegal lodging businesses. This problem is particularly acute in Miami, where – more than in any of the 14 cities studied – multi-unit and full-time operators drive Airbnb’s revenue."