Vermont Airbnb hosts took in $17 million in 2016

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Vermont Airbnb hosts took in $17 million in 2016

Fri, 03/17/2017 - 12:21pm -- tim

Airbnb Vermont screen shot March 17, 2017.

Vermont Business Magazine Airbnb has announced that Vermont’s 3,000 active hosts earned over $17 million dollars in supplemental income in 2016 by welcoming approximately 140,000 visitors to the Green Mountain State -- a 87 percent year-over-year increase in inbound guest arrivals. The typical host in Vermont earned $5,600 last year, often using the additional funds to make rent or mortgage payments, save for retirement or repay student loans. The typical listing is occupied 23 nights per year and the average length of stay is 2.6 nights.

“We are proud to see that more and more Vermonters have discovered home sharing as an opportunity to share their community with visitors from around the world, and earn a little bit of extra money along the way. From Burlington to Brattleboro, Airbnb hosts are ambassadors to the Green Mountain State and we are grateful they have embraced home sharing as a way to welcome thousands of visitors,” said Josh Meltzer, Head of Northeast Public Policy, Airbnb.

Below are the largest Airbnb markets in Vermont by number of guest arrivals:

RANK

CITY

GUEST ARRIVALS

HOST REVENUE

1

Burlington

24,110

$3,141,079

2

Rutland

16,110

$2,420,053

3

Stowe

10,818

$2,131,757

4

Montpelier

6,370

$866,042

5

Brattleboro

4,438

$507,197

Already a large vacation rental market, Vermont hosts have embraced the home sharing platform for a variety of uses. From ski chalets in Stowe to loft apartments in Downtown Burlington, hosts find that Airbnb allows them to seamlessly list their their secondary vacation home or their permanent residence while they are out of town, while guests find unique, affordable accommodation to explore all that the Green Mountain State has to offer.

Last year, the State of Vermont signed a Voluntary Collection Agreement with Airbnb to allow the home sharing platform to collect and remit taxes on behalf of its users. This agreement ensures that the Airbnb community is contributing to core public services, from public safety and education, to parks and infrastructure.

Source: Airbnb. 3.16.2017. About Airbnb: Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone or tablet. Whether an apartment for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences, at any price point, in more than 34,000 cities and 192 countries. And with world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions.