The home-sharing website generated around $57 million in income in 2018.
BALTIMORE (AP) — Maryland homeowners who rented their property using a home-sharing website generated around $57 million in income in 2018.
About 6,500 Marylanders used Airbnb to rent individual rooms or entire spaces to around 383,000 visitors this year. The company said in a statement Monday that residents who use Airbnb to generate supplemental income averaged about $5,600 in 2018.
The figures come on the heels of a decision by the Baltimore City Council to impose a strict set of rules on renting out property on online platforms, including Airbnb.
The tax on the company and other online short-term rentals is expected to generate an additional $1 million in revenue for Baltimore annually. The legislation includes a grandfather clause that would allow existing hosts to rent their home and another property.