Airbnb revenues increased by 30 percent last year

More people used Airbnb to spend the night in Norway last year and revenue increased by 30 percent to 2.7 billion.

There is an analysis conducted by the Capa agency that shows that Airbnb’s revenues increased from about 2 billion in 2018 to 2.7 billion last year, writes Dagens Næringsliv. Almost 31,000 people rent out through Airbnb in Norway and the median income is NOK 44,000.

As of this year, the income that homeowners have from running short-term rentals becomes taxable. Airbnb has agreed to send a report on each landlord to the Norwegian tax authorities. The analysis by Capa shows that the state could have received NOK 450 million in tax if the landlords were to be taxed on last year’s income. Half of this would go to the municipalities.

However, the increased use of Airbnb does not appear to hit the hotels, writes DN, which estimates that the hotels are likely to grow by 5.2 percent in 2019 and a lodging turnover of NOK 15.5 billion. This does not include VAT, breakfast or other income from food, beverages, rental of conference facilities and the like.

© NTB Scanpix / #Norway Today