Airbnb

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Airbnb Announces Kentucky Derby Economic Impact Data for LouisvilleKY

LOUISVILLE, KY — Airbnb, the world’s leading community-driven hospitality company, announced today that Louisville residents will earn over $2.5 million in income while welcoming an additional 5,800 guests to Louisville this coming weekend as hotels largely sell out during the weekend of the Kentucky Derby. Home sharing will allow the city to utilize pre-existing resources – people’s homes – to expand lodging capacity and retain as many visitors as possible. This data is not a projection, but rather reflects only currently confirmed bookings during May 3-5. This economic infusion comes as Louisville hotels reach peak occupancy for the weekend, even with significantly spiked prices. “When more…


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LouisvilleKY Metro Airbnb Hosts Earned $15.2 Million in 2018

LOUISVILLE, KY — Airbnb, the world’s leading community driven hospitality company, announced today that its Jefferson County/Louisville Metro host community earned a combined $15.2 million in supplemental income while welcoming approximately 124,000 guest arrivals to the region in 2018. This comes as locals increasingly embrace the home sharing platform as an opportunity to earn supplemental income and make ends meet. The typical Louisville Metro host earns about $4,300 annually in supplemental income. Yet, local data indicates that Airbnb and its host community appear to be complementing — rather than  competing with — the Louisville hotel industry. The Louisville Metro area is in the midst of a…


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Airbnb delivers Metro LouisvilleKY nearly $1 million in local taxes

LOUISVILLE, KY —  Airbnb, the world’s leading community driving hospitality company, announced today that it delivered $955,000 in home sharing tax revenue to Louisville Metro in 2018 on behalf of its local host community. In March 2018, Airbnb and Louisville Metro jointly announced a tax agreement which allowed the home sharing platform to automatically collect the 8.5% transient room tax on behalf of the host community and remit the revenue directly to the city. The agreement delivered a new revenue stream for the city to capture the tourism benefits of more people visiting and experiencing Louisville thanks to home sharing. The agreement took effect on April 1,…


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Airbnb Delivers $2.1 Million in Tax Revenue Kentucky in First Year of Agreement

FRANKFORT, KY — Airbnb, the world’s leading community driven hospitality company, announced today that it remitted over $2.1 million in home sharing tax revenue on behalf of its Kentucky hosts in the first year of its tax agreement with the state, greatly exceeding initial projections. In September 2017, Airbnb and the Kentucky Department of Revenue announced a historic tax agreement, allowing the home sharing platform to automatically collect the 6% state sales tax and the 1% state transient room tax on behalf of its host community and remit the revenue directly to the commonwealth. That agreement took effect October 1, 2017, infusing a new revenue stream for the…


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Airbnb Delivers $700,000 to Kentucky in First 6 Months of Tax Agreement

FRANKFORT, KY – Airbnb, the world’s leading community driven hospitality company, announced that it collected and remitted over $700,000 in revenue to the Commonwealth of Kentucky in the first six months of its historic tax agreement. In September 2017, Airbnb and the Kentucky Department of Revenue announced a tax agreement authorizing the company to collect and remit the state sales tax (6%) and the state transient room tax (1%) on behalf of its Kentucky hosts. That agreement took effect on October 1, 2017. The September announcement noted that based on the state sales tax alone, if Airbnb bookings to Kentucky were to replicate that of the previous 12 months,…


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LouisvilleKY and Airbnb announce tax agreement

Story from Louisvilleky.gov Louisville, Ky., – Louisville Metro and Airbnb have announced the finalization of an agreement that will allow the company to collect and remit taxes on behalf of its hosts in Louisville and Jefferson County. Effective April 1, Airbnb will automatically collect and remit the Louisville Transient Room Tax (8.5%) for taxable bookings. The agreement allows Louisville to fully benefit from people visiting and staying longer through home sharing. Collecting and remitting hotel taxes can be complicated, as the rules were designed for traditional hospitality providers and large hotel corporations with teams of lawyers and accountants. That’s why…


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Local Attorney Says J-town Airbnb Law is Fatally Flawed

Since receiving a visit for Jeffersontown Code Enforcement Officer Kim Weber on Nov. 30, informing me that using my house as a short-term rental was a violation of Jeffersontown law, I’ve been asking city officials to show me the law in question. Neither Mayor Bill Dieruf, city clerk Bill Fox or anyone on the Planning and Zoning Committee has provided a satisfactory answer. Next I consulted with Steve Emery, a partner in the firm of Howell and Emery PLLC in LaGrange. I provided him with the specific sections of the code to review. His response: “How is leasing a short…


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Despite Evidence, Misinformed Jeffersontown Committee Unmoved on Airbnb Issue

Planning and Zoning Committee takes no action to allow Short-Term Rentals On Tuesday, I attended the Planning and Zoning Meeting of the Jeffersontown City Council. The only agenda item was short-term rentals. It was lightly attended, but there were a handful of residents who came prepared to express their opposition to legalizing short-term rentals. This committee has the authority to make changes to the law, but it appears to me no member of the committee is interested in learning FACTS about the issue. Instead, they listened as Norm Meyer of Plainview rambled on about how wrong it was for WAVE-TV…


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Airbnb Announces $22.9 Million Economic Impact for Louisville

This info comes from Airbnb, which is on a lot of people’s minds this time of year.  LOUISVILLE – Airbnb today announced that Airbnb guests infused a $22.9 million economic impact for Louisville in 2016. Over 1,500 Louisville residents actively list their home or a room on the Airbnb platform. In 2016, those hosts earned $6.6 million in supplemental income while welcoming over 48,000 guests to the city. Additionally, those guests contributed $16.3 million to the local merchant community through spending at restaurants, shops and more. This is based on a recent comprehensive survey of Airbnb guests, which determined that…


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Not a Problem — Metro Council Should Pass on Home Sharing Regulations

by John “Hans” Gilderbloom and Rick Redding A group of home-sharing opponents recently engineered an unwarranted attack on the ability of many Louisville homeowners to rent portions of their homes to out-of-town guests.  These attacks threaten income streams of more than a thousand middle-class homeowners who have joined millions around the globe in offering their unique spaces to visitors. The Metropolitan Housing Coalition and others have presented information not supported by research, and sought to block and/or put up roadblocks to home sharing homeowners. In fact, home sharing can lead to better and more affordable housing options. Home sharing is as tied…