Simply exterior Winnipeg, Kathryn Penner constructed a comfy treehouse retreat nestled among the many timber with sweeping river views. What began as a artistic challenge rapidly turned one of the most wishlisted Airbnbs by Canadians in the country and around the world in 2024. Kathryn’s residence has grow to be a go-to spot for travellers to reconnect with the good outdoor, showcasing that an Airbnb in Canada could be a vacationer attraction in its personal proper.
Kathryn’s story is considered one of many throughout Canada the place Airbnb hosts are serving to travellers, home and worldwide, to expertise Canada in a singular method. In doing so, they’re additionally driving important financial affect – supporting native companies, creating jobs, and producing tax income in communities of all sizes.
Journey on Airbnb generated almost $10.8B in estimated financial exercise throughout Canada in 2024
In keeping with newly launched estimates, journey on Airbnb in Canada generated a file $10.8 billion in financial exercise final 12 months1 – a complete contribution pushed by company, Canadian hosts, and the small companies that company assist with customer spending.
Supporting a file 105K jobs nationwide
In 2024, the standard Airbnb visitor in Canada spent greater than $850 per journey on eating places, leisure, buying, and at different native companies2. That spending helped assist over 105,000 jobs throughout the nation – a file – and generated greater than $7.7 billion in labour revenue.
And since Airbnb listings are sometimes situated exterior conventional lodge districts, these advantages are broadly shared. In reality, almost 50 p.c of visitor spending occurred within the neighbourhood of their Airbnb3 – serving to increase financial exercise in locations which may not in any other case appeal to tourism {dollars}.
Producing over $328M in tax income for governments
Journey on Airbnb in Canada additionally contributed greater than $328 million in whole tax income throughout Canada in 2024 – including over $196 million in federal GST, HST, and QST4 collected and remitted on behalf of hosts at a time when many governments are dealing with rising funds strain.
Over-regulation places lots of of tens of millions in financial exercise in danger in Canadian cities
2024 was a file 12 months for Canadians exploring their very own nation, with nearly 9 million domestic guest arrivals – an increase of more than 40% since 2019. Travellers stayed in additional than 1,750 communities throughout Canada, with 28 cities and cities welcoming Airbnb company for the very first time.
Whereas journey on Airbnb continues to develop and generate significant financial advantages throughout Canada, some governments are implementing overly restrictive short-term rental guidelines that threaten native economies. In Montreal, new laws may put more than $400 million in annual economic activity at risk – impacting small companies, service suppliers, and communities that depend on visitor spending, all with out clear proof these measures enhance housing affordability.
British Columbia has additionally enacted one of the stringent short-term rental legal guidelines within the nation, limiting stays of 90 nights or fewer to a number’s major residence in most communities. Handed in simply two weeks, the laws is anticipated to strip revenue from native residents, scale back tourism spending in areas with restricted lodge capability, and hinder the province’s potential to host main occasions just like the upcoming 2026 FIFA World Cup.
Regardless of claims that these measures will enhance housing availability, a Statistics Canada report discovered the variety of short-term leases with the potential to be long-term dwellings is small – lower than one p.c of the housing provide in most Canadian cities. Meaning these new guidelines come at a excessive value to native economies, whereas doing little to meaningfully tackle the housing disaster.
A nationwide financial affect
Whether or not it’s a treehouse close to Winnipeg, a lakeside cottage in Quebec, or a mountain retreat in Whistler, Airbnb helps Canadians uncover the locations that make this nation particular. With significant financial contributions, assist for small companies, and a rising variety of travellers reserving native stays, Airbnb is proud to play a job in Canada’s tourism economic system in each province and territory5.
Financial affect by province and territory
- Alberta: $1.2B
- British Columbia: $2.7B
- Manitoba: $147M
- New Brunswick: $140M
- Newfoundland and Labrador: $129M
- Nova Scotia: $282M
- Ontario: $3.8B
- Prince Edward Island: $74M
- Quebec: $2B
- Saskatchewan: $124M
- Northwest Territories: $3M
- Nunavut: $783K
- Yukon: $13M
Methodological and authorized observe:
The evaluation was carried out utilizing the IMPLAN financial mannequin, which considers three ranges of affect:
- Direct: refers back to the fast results of an financial exercise. Within the context of tourism, the direct financial affect is the preliminary expenditure by vacationers on items and providers throughout their journeys. This expenditure consists of gadgets similar to lodging, meals, transportation, sights, and souvenirs.
- Oblique: refers back to the secondary results generated by the preliminary expenditure on associated industries that offer items and providers to the first trade. These industries present inputs or assist providers vital for the operation of the first trade.
- Induced: refers back to the tertiary results ensuing from elevated family spending by workers of instantly and not directly affected industries. This consists of the expenditure of revenue generated by workers associated to, or ensuing from, financial exercise.
IMPLAN is a regional financial evaluation software program program designed to estimate the affect or ripple results (particularly, oblique linkages) of a given financial exercise inside a selected geographic space by making use of its input-output matrix and social accounting mannequin. Research, outcomes, and stories primarily based on IMPLAN knowledge or purposes are restricted by the assumptions of the researchers concerning the topic of the occasion being modeled. Research similar to this one are under no circumstances endorsed or verified by IMPLAN Group, LLC, except in any other case indicated by an IMPLAN consultant.
The rankings, percentages, and financial knowledge included on this launch are primarily based on inner data from the Airbnb platform collected throughout 2024, in addition to on research ready or commissioned by Airbnb to investigate the financial affect of digital tourism in Canada. This launch is for informational functions solely and doesn’t represent a assure or industrial illustration concerning the standard, availability, or traits of the areas listed on the platform.
About IMPLAN
Because the main supplier of financial affect knowledge and analytical purposes, we now have spent a long time serving the financial knowledge wants of researchers, policymakers, decision-makers, advocates, enterprise leaders, governments, and extra.
IMPLAN has been redefining the sector of economics for over 40 years. Created by teachers to serve the wants of the U.S. Forest Service, it has now reworked to function a options supplier for anybody fascinated with understanding their economics.
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