March 25, 2016
Most of the Airbnb hosts in Phoenix, Arizona — about 85 percent — could be operating illegal hotels, and generating nearly 98 percent, or $41.25 million, of Airbnb’s $42.21 million in total revenue for the region, according to new data released by Penn State University’s School of Hospitality Management. The data comes from a study originally commissioned by the American Hotel & Lodging Association (AH&LA), one the largest organizations in the U.S. representing hotels, management companies, and other parts of the hospitality industry….