/// Study Shows Airbnb Is Good for San Francisco, Says Airbnb
Peer-to-peer accommodation site Airbnb commissioned an independent economic development study to show that it’s having a positive effect on the San Francisco economy. Airbnb helps freelancers and lower-income residents pay their rents and mortgages, and it drives tourism off the beaten track and into local neighborhoods, the study found. HR&A Advisors measured Airbnb’s impact as $56 million between April 2011 and May 2012 in the company’s hometown. Airbnb says 72 percent of its properties in San Francisco are outside the central hotel corridor. That’s the amount guests and hosts are estimated to have spent — $43.1 million of which was on local businesses.
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Study Shows Airbnb Is Good for San Francisco, Says Airbnb