Connect with us

APolitical

Airbnb nearly doubles tax payments in one year

Airbnb remitted $62.5 million in sales tax to the state  in 2018.

Airbnb’s collection of taxes for Florida and local governments nearly doubled in 2018 to $89.5 million, the company announced Monday.

The vacation rental home marketing platform previously announced its 2018  business activities supported a combined $810 million in vacation rental home income for its 45,000 host properties, paid by approximately 4.5 million guest arrivals.

The announcements come as Airbnb finds itself buffeted by criticism reaching the office of Gov. Ron DeSantis regarding the company’s policies in Israel and the West Bank territories.

Airbnb is the leader in a rapidly growing sector in Florida that also features HomeAway and its affiliated companies and brands VRBO and VacationRentals.com.

In 2017 Airbnb reported remitting $45.7 million in various taxes. Monday’s announcement reflects both the company’s growth and also growth in its efforts to contract with counties and cities to collect taxes from host properties. The company now has agreements with 40 of Florida’s 67 counties.

Conversa_728x90

Monday’s announcement stated that Airbnb remitted $62.5 million in sales tax to the state  in 2018, up from $33 million in 2017. It also reported collecting a combined $27 million in local tourism development taxes, also known as bed taxes, in 2018. That’s up from $12.7 million the previous year.

The most recent state-commissioned report demonstrates that Florida hotel occupancy rates, daily prices and revenue have grown steadily even as local hosts welcomed millions of guests. This data leads Airbnb to contend that it and its host community appear to be complementing – rather than competing with – the Florida hotel industry.

Written By

Scott Powers is an Orlando-based political journalist with 30+ years’ experience, mostly at newspapers such as the Orlando Sentinel and the Columbus Dispatch. He covers local, state and federal politics and space news across much of Central Florida. His career earned numerous journalism awards for stories ranging from the Space Shuttle Columbia disaster to presidential elections to misplaced nuclear waste. He and his wife Connie have three grown children. Besides them, he’s into mystery and suspense books and movies, rock, blues, basketball, baseball, writing unpublished novels, and being amused. Email him at scott@floridapolitics.com.

Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch

Contributors & reporters: Phil Ammann, Jim Rosica, A.G. Gancarski, Joe Henderson, Janelle Irwin, Dan McAuliffe, Jacob Ogles, Scott Powers, Bob Sparks, Andrew Wilson.
Email: Peter@FloridaPolitics.com
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704

Connect
Sign up for Sunburn

Receive our team's agenda-setting morning read of what's hot in Florida politics. Delivered straight to your inbox Monday through Friday.