January 7, 2019

Airbnb: CT host revenue, guest visits soar in ‘18

Image | CNN
Image | CNN

Online hospitality service Airbnb said Connecticut's host incomes and guest visits rose significantly in 2018.

Airbnb, an online marketplace that allows people to rent their homes or apartments, said the state's 3,800 hosts earned $35 million in revenue last year from about 170,000 guests.

That's a major increase for Connecticut hosts, who experienced a 48-percent uptick in guests in 2018 compared to 2017 when 115,000 people used the service for lodging. Revenues also soared 40 percent vs. 2017 revenue of $25 million.

"2018 was another great year for Airbnb in Connecticut, with more local residents and small businesses able to benefit from the economic opportunities created by home sharing than ever before," said Josh Meltzer, Airbnb's head of Northeast public policy.

Hartford County ranked fifth among the state's eight counties in both guest arrivals and host income, with hosts in the area earning $2.5 million from about 18,500 guests.

Leading counties in host incomes were Middlesex ($13 million), New Haven ($6.8 million), Fairfield ($6.5 million) and New London ($4 million). Trailing Hartford County were Litchfield ($1.9 million), Tolland ($225,800) and Windham ($244,200).

The leaders in guest arrivals were New Haven County (43,100), Middlesex County (33,300), New London County (31,100) and Fairfield County (27,800). Litchfield County had 12,200 guests followed by Tolland County (2,300) and Windham County (1,700).

Connecticut's 3,800 hosts on average earn about $6,700 annually from sharing their homes via Airbnb, the company said.

Airbnb has been collecting a 15 percent hotel tax for Connecticut since July 1, 2016. Since the tax collections began through June 30, 2018, the company says it's delivered $5.2 million to the state in tax revenue.

Founded in 2008, Airbnb's growth in Connecticut mirrors a steady increase in hotel visits across the state and in Greater Hartford in recent years.

Since 2012, Greater Hartford hotels' average occupancy rates have soared 11 percent, and average daily room rates and revenue per available room have jumped 18 percent and 30 percent, respectively, according to market data firm STR.

Connecticut generated nearly $130 million from its 8.65 percent hotel room occupancy tax in fiscal year 2017-18. That represents an 11.5 percent increase compared to 2014-15, according to the Connecticut Department of Revenue Services.

Read more

Greater Hartford's hospitality industry continues slow, but steady comeback

CT's lodging industry copes with Airbnb competition

Comments
Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Should Connecticut adopt a paid family medical leave program?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media