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    You are at:Home»Regulations & Taxes»Airbnb Hosts Generated over $2 Billion in Tax Revenue in 2022

    Airbnb Hosts Generated over $2 Billion in Tax Revenue in 2022

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    By Brad Beckett on April 26, 2023 Regulations & Taxes, Rentals

    Airbnb says they’re the largest collector and remitter of tourism taxes by short-term rental platforms in the world.  According to a company release, Airbnb says it has collected and remitted more than $1.9 billion in tourism taxes across all 50 states in the US (including D.C. and Puerto Rico).  This figure is approximately 27% higher than 2021. In Canada, they collected and remitted over C$177 million in 2022, including nearly $70 million in federal Goods and Services Taxes (GST) in the last six months.  Globally, these numbers are part of more than $7 billion in tourism taxes paid.

    Key takeaways from U.S. and Canadian stays:

    • Florida – over $371 million, an increase of approximately 20% from 2021
    • California – over $198 million, an increase of approximately 25% from 2021
    • Tennessee – over $120 million, an increase of approximately 30% from 2021
    • North Carolina – over $111 million, an increase of approximately 25% from 2021
    • Texas – over $87 million, an increase of approximately 35% from 2021
    • Arizona – over $78 million, an increase of approximately 25% from 2021
    • Illinois – over $35 million, an increase of approximately 20% from 2021
    • British Columbia – over $67 million CAD, an increase of approximately 70% from 2021
    • Quebec – over $28 million CAD, an increase of approximately 250% from 2021
    • Toronto – over $7 million CAD, an increase of approximately 170% from 2021

    “Whether we’re collecting and remitting taxes in states that need our Hosts’ tax dollars now more than ever or streamlining the collection process for a growing source of revenue for emerging travel hubs, we’ll continue to work closely with local governments to unlock the full potential of tourism and travel.”

    Click here to read more at Airbnb.com.

     

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