Airbnb: R.I. hosts earned $24M over the summer this year

RHODE ISLAND Airbnb hosts earned $24.1 million over the summer. / COURTESY AIRBNB INC.
RHODE ISLAND Airbnb hosts earned $24.1 million over the summer. / COURTESY AIRBNB INC.

PROVIDENCE – Airbnb Inc.’s rental hosts earned $24.1 million from Memorial Day to Labor Day in Rhode Island, according to the company Friday.

Homeowners utilizing the short-term-rental app hosted 111,700 guests in that span. Newport County had the most Airbnb visitors for the summer at 43,300, resulting in host income of $11.6 million. The second-highest guest count of any county in the state was Providence County at 31,800 guests, resulting in host income of $4.6 million. The second-highest host income of any county was in Washington County at $6.5 million for the summer on 28,100 guests.

Bristol County Airbnb hosts earned $685,000 over the summer on 3,700 guests and Kent County hosts earned $742,000 on 4,800 guests, according to the company.

“Throughout the summer of 2019, we have continued to see the significant, positive impact of our short-term rental community across Rhode Island. With more guest arrivals this summer than ever before, hosts and small businesses have been able to enjoy the opportunities created by an expanded tourism economy, while the state has benefited from additional tax revenue as a result of this growth,” said Josh Meltzer, head of Northeast public policy. “As we mark yet another historic summer and look ahead, we hope to keep working with state government, as well as towns and cities statewide, to ensure short-term rentals can continue to play a strong role in the entire Rhode Island economy.”

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Short-term home rentals, including rentals such as Airbnb, are subject to a 7% sales tax and the state’s 1% hotel tax. Short-term room rentals are subject to sales tax, the 5% statewide hotel tax and the 1% hotel tax.

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