Airbnb says it was worth more than €700m to the Irish economy last year.
New research from Airbnb shows that 1.8 million visitors stayed in Irish accommodation listed on the site last year.
Those visitors spent an estimated €537m in Ireland during their trip, or €116 on average per day, which Airbnb said provided a significant impact to local economies and communities across the country.
The majority of overseas visitors to Ireland arrived from the US, followed by the UK, France and Germany
Meanwhile, Airbnb hosts here also saw a boost to their income, collectively earning nearly €168m last year.
Today's data also reveals the most popular destinations for visitors outside the main urban centres in Ireland were Killarney, Dingle, Westport, Tralee and Kilkenny.
Jean Hoey, Airbnb's Public Policy Lead for Ireland, said the company's community of hosts and guests is helping to spread the benefits of domestic and overseas tourism and putting money in the pockets of local families, businesses and communities.
The company released the figures a day after changes to the regulations around short term lets came into effect.
Ms Hoey said the company will continue to work with its host community to help them understand and comply with the new rules.
Airbnb has estimated that its community has generated over €86 billion in estimated direct economic impact across 30 countries.
