Airbnb generated $11.5M in 2017 tax revenue for Arizona
Airbnb, the world’s leading community-driven hospitality company, announced today it’s community generated $11.5 million in tax revenue in Arizona in 2017, the first year of a new partnership allowing Airbnb to collect and remit state and local transaction privilege taxes on behalf of hosts and guests.
Also in 2017, Airbnb hosts in Arizona earned a combined $94.9 million while welcoming more than 646,000 guest arrivals to the state.
This was the first year under a new law that set clear, consistent standards so that all Arizonans can participate equally in home sharing across the state, allowing thousands of families to generate extra income to help make ends meet. The law also streamlined tax collection, allowing Airbnb to collect and remit on behalf of its community.
There are now more than 10,000 Airbnb hosts throughout Arizona and the majority are sharing the homes to earn a little extra money to pay their bills. The typical host in Arizona earned $6,100 last year.
“It’s exciting to see companies like Airbnb expand and continue to thrive in Arizona. Airbnb’s presence in the state has sparked positive economic impacts and given tourists more options when planning their trips,” said Governor Doug Ducey.
“Governor Ducey sought to make Arizona a sharing economy leader so the state and Arizona residents can receive the full economic benefits of home sharing,” said Laura Spanjian, Airbnb Public Policy Director, Southwest. “We’re glad Airbnb can help welcome a growing number of visitors to Arizona, while generating new revenue for the state and meaningful extra income to help our hosts make ends meet.”