A newly released study by Kloninger & Sims Consulting, LLC finds alternative accommodations, such as Airbnb, are generating millions of dollars in economic activity and tax revenue for Hawaii and local island economies.
Using data provided by the Hawaii Tourism Authority and Airbnb, the report found:
Airbnb guests spend $649 million in lodging and non-lodging
As the state’s third-largest short-term rental platform, Airbnb guests are helping support the State and local economies. In 2016, Airbnb guests spent $484 million on non-lodging expenditures– such as food, beverages, entertainment, transportation and shopping– more than guests using other types of accommodations.
Visitors staying at alternative accommodations generate $120 million in tax revenue
In 2016, lodging and non-lodging spending by guests staying at alternative accommodations would have generated $120 million in General Excise Tax (GET) and Transient Accommodation Taxes (TAT), including $43 million from Airbnb guests alone.
Airbnb hosts earn between 6-8% of their income by sharing their home
The median accommodation on Airbnb helped hosts earn between $3,574 and $5,952 across counties. That is meaningful income that helps local Hawaii residents keep up with the State’s high cost of living.
Alternative accommodations continue to play an important role in supporting the state’s largest industry. Airbnb is committed to working with State and local leaders on common sense short-term rental regulations to pay our fair share in taxes, protect the economic benefits of home sharing, and preserve neighborhoods in Hawaii.