Steamboat among top Colorado destinations for Airbnb guests
STEAMBOAT SPRINGS — Steamboat Springs was among the most popular destinations in Colorado for guests staying in Airbnbs in 2018.
Airbnb, the popular short-term rental website, recently released data about top destinations in the state.
n 2018, 54,600 guests booked an Airbnb in Steamboat, bringing in $10 million in income for hosts, according to Airbnb data. Hosts averaged $183 per guest. Statewide, Airbnb hosts housed 1.8 million guests, bringing in $309 million in income.
There are about 2,834 active short-term rentals in the Steamboat Springs area, according to AirDNA, a website dedicated to short-term rental market data. These rentals charge an average of $535 per night. Multi-listing hosts, including property management companies, manage most of these rentals. Only 13 percent are listed by hosts who have only one rental on the market.
These rentals have a financial impact on the city, too.
In 2016, through an agreement with the city, Airbnb began collecting city sales tax on behalf of its hosts. Previously, hosts were required to register for a sales tax permit and remit that tax to the city — something that hosts didn’t always do. Now, it’s built into the system.
“It has definitely helped, as far as compliance goes,” said Sue Davies, city budget and tax manager. “We do appreciate that. … As an Airbnb host, they don’t have the option of opting out to collect it on their own.”
Overview of 2018 guest arrivals, broken down by the top counties for guest arrivals, based on Airbnb booking data:
- Denver County, 477,100 arrivals
- Summit County, 275,300
- El Paso County, 146,800
- Boulder County, 115,100
- Larimer County, 93,000
- Jefferson County, 89,500
- Grand County, 78,600
- Eagle County, 60,600
- Routt County, 54,600
- Adams County, 52,800
Davies can’t share how much revenue Airbnb’s generated for the city, as the city does not disclose individual taxpayer’s proprietary sales data.
All Airbnbs in city limits pay a 9.4 percent sales tax to the city, county and state, which includes the 1 percent accommodations tax. Those that fall within the Local Marketing District pay an additional 2 percent Local Marketing District accommodations tax.
Multiplying the hosts’ income with the city’s 4 percent sales tax and 1 percent accommodations tax would indicate that the city received about $500,000 in revenue from Airbnbs.
As of the most recent sales tax report from November, the accommodations tax brought in $954,488 in revenue between January and November 2018. That amount would represent 4 percent of the city’s sales tax income.
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