Airbnb generates $11.5 million in tax revenue for Arizona in 2017

Mar 4, 2018, 6:00 AM | Updated: 7:47 pm
(AP Photo/Eric Risberg)...
(AP Photo/Eric Risberg)
(AP Photo/Eric Risberg)

PHOENIX – Airbnb, an online marketplace and hospitality service, generated $11.5 million in tax revenue for the state of Arizona in its first year of partnership.

According to the Phoenix Business Journal, Airbnb started collecting and remitting the 5.5 percent Short Term Rental Accommodations Tax in January of 2017.

The short term accommodation allowed customers to avoid filing complete tax returns, maximizing tax revenue owed from home-sharing activities to both the state and local governments.

Along with Airbnb, those who were hosts to more than 646,000 guests earned a combined $94.9 million in 2017, according to the company.

“It’s exciting to see companies like Airbnb expand and continue to thrive in Arizona,” Arizona Gov. Doug Ducey said to the Journal.

“Airbnb’s presence in the state has sparked positive economic impacts and given tourists more options when planning their trips.”

Airbnb is an online marketplace that offers short or long-term rental properties catered to those looking for a vacation getaway or lodging options.

There are more than 10,000 hosts in Arizona offering their properties on the marketplace. The average host in the state earned $6,100 last year, but many tend to share the home they live in to earn extra money.

“Gov. Ducey sought to make Arizona a sharing economy leader so the state and Arizona residents can receive the full economic benefits of home sharing,” Airbnb Public Policy Director Laura Spanjian said to the Journal.

“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.”

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...

Here’s a map of Fourth of July events taking place across metro Phoenix

Fourth of July is one of the staples of summer and there are plenty of events occurring around the metro Phoenix area where you can celebrate America's birthday.
6 hours ago
(Flickr Photo/Grand Canyon NPS)...

Grand Canyon National Park tourism generated $710 million for local economy in 2021

Tourism in Grand Canyon National Park brought in $710 million for the local economy in 2021, according to a report released Monday.
6 hours ago
(University of Arizona Photo/Chris Richards)...
Kevin Stone

UArizona offers free tuition for Native American undergraduate students

The University of Arizona is making undergraduate education free for Native American students at the Tucson campus.
6 hours ago
(ADOT Flickr Photo)...

AAA Arizona expects Fourth of July travel to return to near pre-pandemic levels

AAA Arizona expects travel over the Fourth of July holiday to return to near pre-pandemic levels this year, despite high prices at the pump.
6 hours ago
The Threshold initiative was launched June 1, 2022, at a news conference at the Arizona Multihousin...
Julio Ernesto Mora Rodriguez I Cronkite News

Landlords asked to help solve homelessness through new Maricopa County initiative

The number of people experiencing homelessness is rising in Maricopa County, and with it the need for affordable housing. Enter Threshold, which intends to change the housing dynamic by inviting landlords to be part of the solution.
6 hours ago
(City of Tempe Photo)...

Arizona cities exchange fireworks for other showy July Fourth displays

A few Arizona cities plan to light up the night sky without fireworks to celebrate Independence Day this year. 
1 day ago

Sponsored Articles

(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

ADHS mobile program brings COVID-19 vaccines and boosters to Arizonans

The Arizona Department of Health Services and partner agencies are providing even more widespread availability by making COVID-19 vaccines available in neighborhoods through trusted community partners.
Canvas Annuity

The secret to guaranteed retirement income

Annuities aren’t really a secret, but they are so misunderstood that they might as well be. Once you understand what an annuity is and how it can benefit you, you could decide this “secret” is the perfect supplement to your retirement plan.
Airbnb generates $11.5 million in tax revenue for Arizona in 2017