By the time a Gen Zer in the U.S. reaches age 30, they’ll have spent approximately $145,000 on rent on average. In comparison, millennials spent roughly $127,000 by the same age.
26.03.2024 - 09:37 / skift.com / Srividya Kalyanaraman
The three U.S. states that generated the most in tourism taxes in 2023 were: Florida at $387 million, California at $212 million, and Tennessee at $135 million.
In 2023, Airbnb hosts in the U.S. contributed $2.2 billion in tourism taxes, according to new data from Airbnb. Hosts in Canada contributed $319 million.
Other states that generated a lot in tourism taxes: North Carolina: $125 million; Georgia: $98 million; Texas: $98 million; Colorado: $94 million; Arizona: $87 million; Washington: $78 million; and Virginia: $53 million.
Airbnb, however, has had a brush with tax authorities in Europe. Last December, it settled a $620 million tax probe from Italy. This was after Italian authorities alleged that Airbnb failed to withhold 21% of hosts’ rental income, and ordered the seizure of $836 million (euro 779.5 million) from the company. Now, a new law requires Airbnb to collect and remit tourist taxes in Italy.
Airbnb’s one-time expenses for tax withholding and reserves for taxes in 2023 amounted to $1 billion.
By the time a Gen Zer in the U.S. reaches age 30, they’ll have spent approximately $145,000 on rent on average. In comparison, millennials spent roughly $127,000 by the same age.
"OMG. I am SO JEALOUS."
Airbnb-backed Samara, which sells tiny homes called “Backyard,” is boosting its production facilities in Mexico.
Luxury hotels are great. Some have incredible spas where you can revive your skin and spirit, while others offer rooftop infinity pools with sweeping vistas for miles and miles.
Booking platforms including Airbnb, Expedia, Tripadvisor and Booking sold about 678 million nights in short-term rentals in Europe last year. That was up 14% over 2022.
Like many South Florida residents, I came first as a tourist before my family made the leap and moved here.
Overtourism could have been 2023's word of the year in the travel industry.
Destinations in the path of the upcoming total solar eclipse are bracing for a surge of spring travelers, and national parks are taking steps to help manage the crowds.
Florida short-term rentals were already having a moment. But they might be reaching a new level with the emergence of branded residences and the ability to rent them from listing sites such as Airbnb.
This story was originally published on The Conversation . It appears here under a Creative Commons license.
Technological advancements have provided us with countless benefits. We can preorder our Starbucks while waiting in an airport security line, use our smartphone to unlock our hotel room door and stream our favorite shows to our hotel room TV.
Barcelona increased its tourist tax this week for the first time since 2022.