Airbnb: C’bean And Yucatan Peninsula Hosts Have Earned Over US$266 Million In The Last 12 Months
(V.I. Consortium) ST. CROIX — Airbnb agreements and tax deals are accelerating in vacation rental markets in the Caribbean, with over 10 collaboration agreements with governments in the region and lodging tax collection deals in the US Virgin Islands, Puerto Rico and, most recently, Quintana Roo, Airbnb has announced.
In May, the Mapp administration and Airbnb signed a groundbreaking agreement, which paved the way for Airbnb to collect the 12.5 percent Hotel Room Occupancy Tax on behalf of hosts and remit the funds to the V.I. Bureau of Internal Revenue.
“This is good for our government because it streamlines the collection process and enables more of our citizens to participate in the visitor industry. Our hospitality sector will also greatly benefit from the promotional reach of this multibillion-dollar organization,” said Governor Kenneth Mapp.