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In 2016, the number of hosts, properties, and revenue generated on Airbnb expanded worldwide at an exponential rate. Brian Chesky, Airbnb’s co-founderand CEO, recently tweeted that Airbnb hosted more than 2 million guests around the world on New Year’s Eve 2016. That is roughly double the amount hosted in 2015 (1.1 million) and four times the number from 2014 (540,000). The company is now reportedly valued at $30 billion and has over 3 million listings worldwide.

Hosts renting out entire-home units earned 81% of the revenue on Airbnb in the U.S.

Revenue growth for entire-home properties increased by an average of 76% in the 13 markets studied. Nashville (+283%) was the fastest growing market followed by Oahu (+187%) and New Orleans (+144%). San Francisco (+57%) and New York (+39%) were the slowest growing markets

In the U.S., hosts renting out two or more entirehome units generated over $1.8 billion in revenue in 2016. In the 13 markets highlighted, revenue reached $700 million

Revenue generated year-over-year by Airbnb hosts almost doubled in 2016. Within this group, hosts with multiple units increased their share of that revenue. In isolating just hosts renting entire-home units, those with two or more units accounted for nearly 40% of the revenue on Airbnb in the U.S. In the top 13 markets studied, the share captured by multi-unit hosts increased in almost every case; often by close to 10%. The exceptions were New York and San Francisco, where the share of revenue declined by 7.1% in New York and 4.6% in San Francisco. The revenue from entire-home hosts that operate multiple units in the 13 cities studied represents a disproportionately large percentage of the national total. As such, we consider them to be a key driver of Airbnb growth.