You’d think so wouldn’t you. But a quick look at the facts reveals a very different story.
We’ve got some facts and figures below, but to start with, lets consider an example. Let’s compare the options for a young family wanting a short getaway to the Gold Coast. Their traditional accommodation options would typically invovle staying in a large brand-name hotel at say $400 per night. In fact there is a good chance its foreign owned so the profits get whisked away off-shore.
Enter the sharing economy options like Airbnb and that same family can get comparable accommodation for maybe $200 per night because an owner does not have the big overheads of the large hotel chain.
So this means our young family has extra spending money that they can put into the local cafes, restaurants and tour operators, as well as staying longer for the same outlay. The sharing economy is only a few years old, but if you took it away it would badly affect local economies all around the country.
In fact in a 2017 Bankwest Curtain Economics Centre study, 31% of visitors said they would not have come at all were it nor for Airbnb. And 63% said they would be more likely to come back because of Airbnb. Furthermore 46% if listings on Airbnb in Australia are by average wage earners on medium incomes. These include single parents and modest earning Australians. Who would you prefer to see your tourist dollars do to? Big multi-nationals who take the profits offshore and probably go to considerable lengths to minimise tax here in Australia. Or to Mums and Dads of modest means having a go and paying their tax.
The accommodation sharing economy helps local Australian communities share in 180,000 visitors every day. Its here to stay, and that’s a good thing.