Airbnb officials said the tax collection and remittance in Texas is a 35 percent increase from 2021.
Rural Texas Airbnb hosts earned more than $115 million in 2021: report
Organizers say these numbers come during a time when local governments across the country continue reeling from the financial impact caused by the COVID-19 pandemic, which decimated revenue streams. However, tourism taxes collected on behalf of Airbnb hosts are shown to be a financial success. "During the pandemic, we continued to expand our collection and remittance of tourism taxes to local governments…to maximize tax revenue generated from travel on Airbnb," the report from Airbnb states.
In fact, Airbnb says it collected and remitted more than $1 billion in U.S. tourism taxes in 2022; an increase of about 27 percent 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," Airbnb concluded.
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