Short-term rentals pay $16.4M in hotel and sales tax
Roger Showley, SAN DIEGO UNION-TRIBUNE
Thursday, October 8, 2015
The study, authored by Erik Bruvold, president and CEO of the National University institute, found that guests generated 456,000 room-nights in the city and spent $110.3 million to rent the units. They also spent $86.4 million in on food, transportation and other retail items subject to sales tax over the same period.
Tax revenues included $11.6 million in transient- occupancy or hotel taxes and nearly $4.9 million in sales tax with an estimated $340,000 of that going to the city alone.
Bruvold said the $10,000 report, underwritten by the San Diego Vacation Rental Managers Alliance and the San Diego Short-term Rental Alliance as well as Airbnb, revealed more short-term units than previously realized.
“We knew San Diego had a significant amount of that,” he said, but he called the figure “surprising.”