Cleveland Airbnb hosts earned $4.2 million in 2016
CLEVELAND– It was an eventful year for the city of Cleveland and area residents got to see some of the profits by renting out their homes.
Airbnb hosts in Ohio earned $17.5 million in supplemental income in 2016.
“The 130,000 guest arrivals to the Buckeye State via Airbnb represents an astounding 173 percent year-over-year growth,” Airbnb said in a news release on Monday. The fast-growing demographic among hosts was senior women.
In March, Airbnb worked with Cuyahoga County to collect and remit lodging taxes on behalf of its hosts.
“This paid quickly paid dividends as Airbnb’s Cleveland host community helped the city substantially expand lodging capacity for the NBA Finals, World Series and Republican National Convention,” the company said.
Airbnb said it remitted $300,000 in taxes to local governments in Cleveland and Cuyahoga County.
Hosts in other Northeast Ohio cities also benefited from the home-sharing company. Cleveland Heights had 3,000 guests for $572,000, Lakewood had 1,900 guests for $300,000 and Akron had 1,300 guests for $165,000.