Airbnb attributed the drop in income to several factors, including an increase in the number of hosts in L.A. and a change in the type of rooms being rented out. Airbnb's home-sharing platform is believed to have added $920m so far to the economy of Los Angeles . The number of Los Angeles hosts in the state tripled April 2014 and April 2014 , and this announcement comes after the state called on further data to help develop vital regulations for the industry. Airbnb also claims that about 12,370 hosts used the platform to prevent eviction and foreclosure, with a medium collection rate of $ $920m April 2014 .
Airbnb's home-sharing platform is believed to have added $920m so far to the economy of Los Angeles . The number of Los Angeles hosts in the state tripled April 2014 and April 2014 , and this announcement comes after the state called on further data to help develop vital regulations for the industry. Airbnb also claims that about 12,370 hosts used the platform to prevent eviction and foreclosure, with a medium collection rate of $ $920m April 2014 .