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Valencia is one of the Spanish cities with the highest recorded growth in tourists, both Spanish and foreign, and it continues to consolidate that status so far in 2017. This data is also reflected in Airbnb's statistics.

Airbnb has paid out almost €35 million in the city of Valencia over the last 12 months. The area with the highest revenue is the Ciutat Vella district, with 38.3% of the earnings, followed by Poblats Marítims with 15% and the L'Eixample district with 11.7%, according to publicly available sources. Ciutat Vella stands out as the area most in demand among tourists, capturing almost 40% of total income, reaching €13.2 million compared with €5.2 million from Poblats Marítims and €4 million from L'Eixample.

But what would happen to these tourists without the accommodation offered by these platforms?

According to the Statistics Office of the Valencia City Council, in its study of hotel overnight stays as of June 2017, this is also a year of record highs for the hotel industry, with historic occupancy rates being reached and the industry proving unable to absorb so much demand.

Thanks to platforms such as Airbnb, HomeAway or Booking, the city of Valencia has increased its accommodation supply, allowing more tourists to come to Valencia. (Almost 2 million places booked through Airbnb alone, as we anticipated at Brickstarter)

But what is the economic impact of these platforms?

Taking into account the latest EGATUR tourist spending survey, foreign tourists who visit our country without buying a package tour spend 17.62% of their budget on accommodation. Taking these data into account, we can estimate that the impact on the city of Valencia of websites such as Airbnb or HomeAway is on the order of €200 million.

At Brickstarter we offer the opportunity, from €50, to participate in tourist apartments in the city of Valencia.

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.