July 20, 2017

NH Airbnb law leads to ‘healthy’ revenue growth



Welcome to New Hampshire sign
By Hollis1138 (http://en.wikipedia.org/wiki/Image:Nhline.jpg) [Public domain], via Wikimedia Commons

Granite Staters hosted more than 95,000 visitors and earned more than $12 million last year from bookings made through Airbnb’s short-term rentals website.

Those numbers more than doubled Airbnb’s 2015 totals of 44,000 New Hampshire guests and $5 million in bookings.

“The typical host in New Hampshire earned $5,400 last year, often using the additional funds to make rent or mortgage payments, save for retirement or repay student loans,” said Airbnb spokesman Peter Schottenfels. “The typical listing is occupied 28 nights per year and the average length of stay is 2.7 nights.”

Conway tops the list with the greatest number of guest arrivals in New Hampshire, followed by Lincoln, North Conway, Amherst and Bartlett, he said.

Airbnb, which counts 3,000 active hosts in New Hampshire, collects occupancy taxes at the online booking stage for rentals in 29 states, but not for New Hampshire.

Those New Hampshire hosts, by law, are required to collect the 9 percent meals and rentals tax just as they would from someone booking a room on […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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