RGV Airbnb Earns $11.5 Million in 2018


RGV Airbnb Earns $11.5 Million in 2018

According to Airbnb, properties in its Rio Grande Valley host community took in earnings of $11.5 million in supplemental income in 2018. Approximately 80,000 visitors used the service while staying in the region.

Cameron County hosts took in $10.5 million with 70,000 guests, while Hidalgo County hosts earned $947,000 with 9,500 guests. Willacy and Starr counties pulled in the final figures and guests.

According to the most recent state-commissioned Texas Tourism Report, Texas hotels are also experiencing growth in overall development, nights sold, occupancy rate, and revenue.

In addition to the new income, Texas is generating new revenue through a tax agreement with the Comptroller’s Office. This agreement allows Airbnb to collect and remit the Texas state occupancy tax on behalf of its hosts. Airbnb delivered $15.3 million in tax revenue to the state in the first year of that tax agreement.