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Illustration: Shoshana Gordon/Axios

Airbnb global head of hosting Catherine Powell says the "hosting economy" will include as many people as the creator economy does.

The big picture: The creator economy — businesses built by independent content creators — is currently made up of more than 50 million people, according to SignalFire, a venture capital firm.

  • The home rental industry is just a fraction of that: Airbnb currently has 5.6 million listings on its platform globally (including experiences), VRBO has 2 million homes, FlipKey has 830,000 properties and Homestay has 63,000 rooms.

What they're saying: “There is definitely a cause and effect of people who were impacted by the pandemic turning to hosting," particularly women, Powell told Axios on the sidelines of Fortune’s Most Powerful Women Summit.

  • Hosts who self-identify as women make up 55% of the platform, 44% of whom say income from hosting has helped them stay in their homes.

Be smart: Women are turning more to gig work as the pandemic impacted them disproportionately.

Go deeper

Oct 19, 2021 - Economy & Business

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

1 hour ago - Sports

Unvaccinated athletes face 21-day quarantine at Beijing Olympics

Logos for the 2022 Winter Olympics at Yanqing Ice Festival in February 2021 in Beijing. Photo: Lintao Zhang/Getty Images)

Athletes, staff members and journalists at the 2022 Beijing Olympic and Paralympic Winter Games who have not been vaccinated against the coronavirus will be required to quarantine for three weeks, the International Olympic Committee (IOC) outlined in its newly-published "playbooks."

Why it matters: The quarantine period is longer than the Games themselves, meaning vaccinations or an earlier arrival date will be required to participate in or cover the Games.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.