Airbnb rentals are growing in the Mohawk Valley

Airbnb is 10 years old, and it's proven its success in big cities, but don't count small towns and villages – and local numbers are on the rise.

Posted: Dec 31, 2018 2:58 PM
Updated: Dec 31, 2018 6:06 PM

In the Mohawk Valley, Airbnb numbers are growing.

Airbnb is 10 years old, and it's proven its success in big cities, but don't count small towns and villages – and local numbers are on the rise.

Airbnb is when you rent out your home or even just a room to a guest.

In Oneida County, there are 130 active hosts, who earn receive about $4,500 each year “renting” out their spaces. In 2018, the county saw 7,400 guest arrivals which translated to more than $819,000

In Herkimer County, 100 hosts earn about $6,400 each year. In 2018, 4,600 guests stayed in Herkimer County translating to more than $607,000 this year.

In Otsego County, 310 homes are Airbnb's. They earn close to $6,000 each year. In 2018, nearly 17 thousand guest arrivals contributed to a whopping, $2.6 million.

Airbnb reps say events like the Boilermaker in Utica and Hall of Fame weekend in Cooperstown are gold for the business.

“What's been incredible about this past year, there have been so many moments throughout the year, where we have seen incredible spikes in Airbnb guest arrivals. And most importantly in local residents being able to make a little extra income by sharing their homes,” said Liz Fusco, with Airbnb.

The host sets the price, but Airbnb will offer recommendations. The price of a listing does fluctuate based on demand, so if there is a big event in town, the host can raise the price.

Airbnb says that its Mohawk Valley host community earned approximately $3 million in total supplemental income while welcoming approximately 23,700 guest arrivals to the region in 2018.

• In Fulton County, there are now approximately 90 hosts who share their homes via Airbnb, typically earning about $6,300 annually in supplemental income.
• In Hamilton County, there are now approximately 50 hosts who share their homes via Airbnb, typically earning about $6,400 annually in supplemental income.
• In Herkimer County, there are now approximately 100 hosts who share their homes via Airbnb, typically earning about $4,800 annually in supplemental income.
• In Montgomery County, there are now approximately 20 hosts who share their homes via Airbnb, typically earning about $3,900 annually in supplemental income.
• In Oneida County, there are now approximately 130 hosts who share their homes via Airbnb, typically earning about $4,500 annually in supplemental income.
• In Schoharie County, there are now approximately 40 hosts who share their homes via Airbnb, typically earning about $4,900 annually in supplemental income.
• In Otsego County, there are now approximately 310 hosts who share their homes via Airbnb, typically earning about $5,900 annually in supplemental income.

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