HAC Overview – Airbnb and the Hotel Sector in Canada

Airbnb’s presence in Canada has significantly grown, with 70,000 hosts and over 100,500 listings generating half a billion in revenue from April 2016 to March 2017. Multi-unit hosts, though only 7% of all hosts, contribute 30% of the revenue. While the hotel sector invested $6 billion in new developments, Airbnb mainly repurposes existing properties. Despite the surge, Airbnb’s job creation is minimal compared to the hotel sector, which supports 191,600 jobs.