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the people staying in the AirBnB's tend to eat out more often I doubt it. One of the reasons people choose AirBnB over hotels is that they want a kitchen so th
by dagw 3y ago
the people staying in the AirBnB's tend to eat out more often
I doubt it. One of the reasons people choose AirBnB over hotels is that they want a kitchen so that they don't have to eat out. As to taxes, while the city is still getting the property tax, they're losing out on the hotel taxes that the people staying in the AirBnB would otherwise have paid. Plus the profits that are now going to AirBnB would otherwise have gone to the hotel owner/managers and thus been more likely to get spent in the city.
So on net I'd say people staying in AirBnBs generate quite a bit less money for the city than if they'd stayed in a hotel. The only places that this sort argument works is for places that are so out of the way or unpopular that they simply don't really have hotels for people to stay in.
- taylodl 3y agoThe city is still ahead on taxes. The biggest complaint being lodged against the AirBnB's is they're keeping housing values high and pricing people out of the market. If the AirBnB's were to go away then the local housing market would collapse - along with the property tax revenue associated with it. That's if the naysayers can be believed that AirBnB is having that dramatic of an effect on local housing costs.