Airbnb continued to grow in the Maryland market last year, with around 265,000 visits bringing in more than $42 million.
In 2017, the short-term rental service said it booked 151,000 stays in Maryland, totaling more than $25 million.
“Home sharing through Airbnb continues to be a unique and flexible way for Maryland families to make more money, pay their bills, and support their communities,” said Will Burns, the company’s Maryland public policy director. “We look forward to 2018 being another successful year of giving residents in Baltimore, Annapolis, Silver Spring and all corners of the state an economic boost, travelers more affordable accommodations, and neighborhood businesses more foot traffic.”
Airbnb started in 2008 to create an online marketplace for consumers to rent out extra space in their homes, or the home itself. Competitors include VRBO, HomeAway and FlipKey.
Short-term home rentals, typically those of less than 30 days, are lightly regulated by local municipalities. In Maryland, only a few cities, including Annapolis, Bowie, Easton and Ocean City regulate through licensing.
Last year, Baltimore registered the most visits, with more than 75,000 bringing in $11.3 million. Annapolis, Silver Spring, Hyattsville and Fort Washington rounded out the top five cities in the state. They were also the top five cities last year.
But once again, one of the state’s top vacation destinations did not register on the list. Ocean City was not among the top 20 cities in the state.
Airbnb said around 5,500 Marylanders opened their homes to guests through the service last year. The typical host had guests for 51 nights and earned $5,600.