Joe Toy’s Hospitality Advisors was commissioned by Airbnb to look into this, and Toy’s reputation will counter any skepticism based on Airbnb having paid for the research.
Toy counts 23,000 vacation rentals including houses, condos, condotels, apartments, B&Bs, hostels and other alternative rentals. The 2015 count was the largest in four years but not much different from the four years before that. So, how much do people spend when they stay in those places?
Last year, Toy reports, they spent $20 million on entertainment, $51 million on shopping, $99 million on food, and $90 million on lodging. Toy says it looks like they take shorter vacations, typically, cramming more activities into their time here.
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