Shelby County homeowners pocket $10.9M for Airbnb rentals in 2018

Shelby County homeowners pocket $10.9M for Airbnb rentals in 2018
Local homes listed on Airbnb website.

MEMPHIS, TN (WMC) - Shelby County hosts earned nearly $11 million in supplemental income from Airbnb rentals last year.

According to Airbnb, 106,000 guests visited the region in 2018 and booked stays through the home-sharing site. The typical Shelby County Airbnb host earns $8,400 a year in supplemental income.

In addition to income for homeowners, Memphis generates revenue through a tax agreement with Airbnb. In the first 12 months of the agreement, Memphis generated $647,000 in tax revenue.

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