Airbnb 's home - sharing platform is believed to have contributed $ 920 m so far to the economy of Los Angeles . The number of Airbnb hosts in L.A. also nearly tripled in that same period. The number of Airbnb hosts in the state tripled between May 2013 and April 2014 , and this announcement came after the state relied on further data to help develop vital regulations for the industry . Airbnb also claims that its hosts use the platform to prevent eviction and foreclosure , with a medium collection rate of $ 7000 last year .
Airbnb 's home - sharing platform is believed to have contributed $ 920 m so far to the economy of Los Angeles . The number of Airbnb hosts in the state tripled between May 2013 and April 2014 , and this announcement came after the state relied on further data to help develop vital regulations for the industry . Airbnb also claims that its hosts use the platform to prevent eviction and foreclosure , with a medium collection rate of $ 7000 last year .