The Boulder Airbnb host community earned $433,000 and welcomed more than 2,200 guest arrivals during University of Colorado Boulder commencement week based on booking data from May 8-10, Airbnb announced Monday.

“Graduating from college is an exciting moment for students and their loved ones, and we’re glad the Airbnb community helped welcome friends and family to Boulder to celebrate this achievement,” Laura Spanjian, Airbnb public policy director for the northwest, stated in a news release. “At the same time, this was an opportunity for Boulder residents to earn meaningful extra money to help pay the bills.”

Airbnb collects and remits all applicable Colorado and Boulder taxes on behalf of hosts, according to the release.

Around three-quarters of Airbnb listings are located outside of main hotel districts, bringing economic benefits to neighborhoods that typically have not benefited from visitor spending, the release stated. More than 40 percent of Airbnb visitor spending is done in the neighborhood in which a guest stays, according to the release.