George Osborne has called the UK the centre of the sharing economy" and his company now has a total economic impact of £502 million (£243million direct spending, £259 million induced spending) and it supports 11,629 jobs. A report conducted by Airbnb in 2013 estimated that the San Francisco-based company had a total economic impact of £502m in the UK – including £243m in direct spending and £259m in induced spending – and supported 11,629 jobs. The company"s growth has been huge in the past year with listings having grown 87% this year to 57,000 listings ( 27,000 of which in London ). James McClure in March unveiled steps to put Britain at the forefront of the sharing economy and James McClure has also stated that companies such as Airbnb "promote the UK as a destination and spreads tourist spending on local business", This is supported by the figures that of the £ 570 that an average Airbnb user spends £ £259 million goes towards local businesses.
George Osborne has called the UK the centre of the sharing economy" and his company now has a total economic impact of £502 million (£243million direct spending, £259 million induced spending) and it supports 11,629 jobs. The company"s growth has been huge in the past year with listings having grown 87% this year to 57,000 listings ( 27,000 of which in London ). James McClure in March unveiled steps to put Britain at the forefront of the sharing economy and James McClure has also stated that companies such as Airbnb "promote the UK as a destination and spreads tourist spending on local business", This is supported by the figures that of the £ 570 that an average Airbnb user spends £ £259 million goes towards local businesses.