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Featured Article

Airbnb : Nevada’s short-term rentals show strong growth during summer months

Airbnb : Nevada’s short-term rentals show strong growth during summer months
The Center Square
October 1, 2019

Image by TeroVesalainen from Pixabay

(Derek Draplin) – Airbnb hosts in Nevada had a strong summer, according to numbers released by the short-term housing rental company.

From Memorial Day through Labor Day, Nevada Airbnb hosts reported bringing in more than $50 million, the highest grossing period ever in the state.

The company reports that during that time period, 322,000 guests spent the night in an Airbnb location in the state. The cities with the highest number of renters were Las Vegas, Incline Village, Stateline, Reno and North Las Vegas. There were 235,400 stays in Clark County alone.

In a county by county breakdown, Clark renters brought in just under $36 million. Washoe County renters say 29,800 guests spent $5.3 million. Douglas County hosted 22,000 guests with hosts making $4.4 million. And hosts in Nye County served 5,200 people for a total of $286,180 in rentals.

Airbnb hosts keep more than 90 percent of the rental fees collected.

In 2018, the Las Vegas City Council passed an ordinance that stated that those residents wishing to rent short term stays at their property could only do that on property where they lived. The ordinance grandfathered in residents who were renting stays in locations other than their home before the rule took effect.


By

Derek Draplin | The Center Square

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