Airbnb is Big Business in Oregon!

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Photo by Free To Use Sounds on Unsplash

Photo by Free To Use Sounds on Unsplash

Do you Airbnb out part of your home? Do you use Airbnb or another short term rental service when you travel? I’ve done both! Oregon is a hot spot for Airbnb and other vacation rentals. Check out how profitable it is here:

In Multnomah County hosts earned an estimated $18.7 million during peak weekends in 2019 of July and August, according to new figures released by Airbnb. About 57,250 guest arrivals were logged during the top five weekends of 2019. For the entire year, Multnomah County saw roughly 512,000 guest arrivals, and hosts earned about $77.6 million. Deschutes County, where Bend is located, took the No. 2 spot for the year with 212,400 guest arrivals and $31.6 million earned, according to Airbnb. At the coast, Lincoln County rounded out the top three with 137,200 arrivals and $18.2 million earned. The numbers reflect the Portland area's popularity as a destination for travelers and residents’ willingness to open their doors to the promise of money.

The top weekends for bookings at the highest rates in Multnomah County last year were:

  • Aug. 2-4, with 11,650 guest arrivals and $3.7 million earned

  • July 12-14, with 11,450 guest arrivals and $3.8 million earned

  • July 19-21, with 11,400 guest arrivals and $3.8 million earned

  • July 26-28, with 11,400 guest arrivals and $3.8 million earned

  • Aug. 9-11, with 11,350 guest arrivals and $3.6 million earned

So, don’t let your family book those weekends in your guest room or ADU! Make them come in January and February, you can all go to the coast and get a great rental house for the lowest rates!

"More Oregon families are embracing the economic opportunities of home sharing, which brings an economic boost to small businesses and communities throughout the state," Laura Spanjian, Airbnb’s senior policy director for the Northwest, said in a press release.

Source: Portland Business Journal