Airbnb rentals in LA County rose 42% from May to January

Hotel rates are cheaper in areas with a lot of Airbnb rentals

Mar.March 18, 2016 04:04 PM

Airbnb listings in Los Angeles County rose 42 percent from May 2015 to January of this year. The uptick was sharpest in Hollywood, Venice and Downtown, the Los Angeles Times reports.

Hollywood saw 409 more listings in that time period, while Venice saw an additional 346 and Downtown saw an extra 267 posts.

According to CBRE, Airbnb’s increased presence may prevent hotel rates from skyrocketing in markets like Santa Monica and Marina del Rey, where Airbnb has one room listed for every two hotel rooms. In those two areas, hotel rates only increased 5.6 percent in 2015 over the previous year.

By contrast, in L.A. County neighborhoods that have less Airbnb listings, hotel rate hikes were steeper. In the area around the Los Angeles International Airport, hotel room rates rose almost 13 percent. [LAT] – Hannah Miet

Related Articles


LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

HomeAway CEO Brian Sharples and Airbnb CEO Brian Chesky say they need a delay (Credit: Getty Images)

Airbnb to LA: Please don’t start enforcing new law on Nov. 1

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

The former Omega Cinema Props warehouse on Santa Monica Boulevard and the Hollywood Forever Cemetery (Credit: Google Maps, Hollywood Forever)

Warehouse complex will get new life next to Hollywood Forever Cemetery

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Holland Partner Group CEO Clyde Holland and a rendering of the Hollywood project

Holland Partner Group’s Hollywood apartment project faces labor union challenge

1723 N Wilcox Avenue (Credit: Google Maps)

Hollywood hotel construction craze: Developer abandons apartment project for hotel instead

Aerial view of 611 N. Brand Boulevard and Rossano de Cottiis (Credit: Hunter Kerhart Architectural Photography)

Onni scraps apartment plans for 857-key hotel project in Glendale