Thinking of renting out that spare room? Here’s how much Pennsylvania Airbnb hosts made in 2018
There are now 14,200 Pennsylvanians who rent out their homes through Airbnb, which allows users to book short-term rentals online.
Airbnb hosts in Pennsylvania collectively earned $122 million in net income from roughly 1 million guests in 2018, the home rental service company announced Monday.
Roughly 40 percent of the guests and income came from Philadelphia, where hosts made $47.7 million while welcoming 404,000 guests.
There are now 14,200 Pennsylvanians who rent out their homes through Airbnb, which allows users to book short-term rentals online. The San Francisco-based company said hosts typically earn $5,200 annually.
Airbnb would not provide figures for 2017.
Montgomery County led the southeast suburbs with $2.3 million and 15,300 guests. Bucks County hosts made $1.9 million from 12,300 guests; Chester County hosts collected $1.6 million with 11,200 guests; Delaware County hosts earned $930,300 and had 7,800 guests.
In New Jersey, Airbnb hosts made $125.7 million with 742,800 guest arrivals.
Airbnb typically charges hosts a 3 percent service fee and guests up to 20 percent of the booking subtotal. In October, Airbnb said its rentals have generated more than $21.2 million in tax revenue across Pennsylvania since Philadelphia began taxing the stays in 2015.