Supporting jobs and tax revenue across South Carolina
Summary
Airbnb highlights the economic impact of hosts in South Carolina, showcasing their role in supporting local businesses and generating tax revenue. The report provides data on host demographics, earnings, and the platform's commitment to responsible hosting. Hosts should be aware of these figures to understand their contribution to the local economy and Airbnb's measures to address community concerns.
Key Insights
- •The typical host in South Carolina shares their home approximately 37 nights per year, earning around $16,000 in 2024.
- •In 2024, travel on Airbnb in South Carolina generated $2B in economic activity, supported 27,600 jobs, and generated $517.5M in total tax revenue, with $70M in tourism tax revenue collected and remitted by Airbnb.
- •Hosts in South Carolina are predominantly women (60%) and many (78%) have only one entire home listing.
Action Items
- ✓Consider how your hosting activities contribute to the local economy and tax revenue, especially when considering pricing and expenses.Effort: lowImpact: low
Tools & Resources
- →Economic Impact Report: According to Airbnb’s latest Economic Impact Report.
Common Mistakes
- ⚠Failing to understand the economic impact of your STR on the local community. Not understanding the tax benefits of your STR.
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Curated by Learn STR by GoStudioM