Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more

Airbnb, a marketplace for living spaces, has a New York footprint so large that there’s at least one Airbnb rental on every city block, co-founder and CEO Brian Chesky said at the Digital Life Design conference in Munich Monday.

New Yorkers using Airbnb to rent out their apartments, extra bedrooms and even couches — more than 10,000 in total — are now making, on average, $21,000 per year in income, Chesky said.

Some local listers make as much as $100,000 per year, he added. “That’s transformative income.”

Of course, the proliferation of shared spaces in the city has several negative side effects, including more than a smattering of complaints from neighbors and questions of legality. Chesky, however, did not address these issues.

At DLD, Chesky did speak extensively about the notion of a “sharing economy,” or what he believes is the third wave of Internet that gets people offline and connecting in the real world, as well as a movement that is stimulating local economies.

The movement includes a number of startups proffering the exchange of shared goods, including Loosecubes, RelayRides and TaskRabbit.

Instead of keeping up with the Joneses, we’re going to be sharing with Joneses, he said. “If we are successful … I think people will one day forget what the world was like before the sharing economy,” Chesky added.

Three year-old Airbnb powers rentals in 19,000 cities in 192 different countries. In July, the startup closed a $112 million round of funding at a $1.3 billion valuation, and just released an Android application last week.

[Image via DLD/Tumblr]

Disclosure: The Digital Life Design conference paid my way to Munich. VentureBeat’s coverage of the conference remains objective and independent.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member