Airbnb hosts in South Florida raked in $160M in 2016

Fastest growing demographic of Florida's 32,000 hosts was senior women

TRD MIAMI /
Dec.December 20, 2016 05:15 PM

Downtown Miami (Credit: Azeez Bakare Studios). Inset: Airbnb founders Nathan Blecharczyk, Brian Chesky and Joe Gebbia

Airbnb’s Florida hosts raked in $273 million in 2016, with hosts in Miami-Dade earning the most of any county at $113 million and the tri-county area bringing in $160 million, according to a new report released by Airbnb.

Broward hosts earned the second most of any Florida county with $28 million, and Palm Beach the sixth most with $9.5 million.

In 2016, 1.5 million people used Airbnb in Florida, an increase of 114 percent from the previous year. The fastest growing demographic of Florida’s 32,000 hosts was senior women.

The city of Miami, especially, saw a big boost in Airbnb activity. Neighborhoods like Midtown Miami and Little Haiti, both currently lacking hotels, experienced big growth. Earlier this month, Airbnb issued a report on Miami, which highlighted Wynwood and Little Haiti, where hosts averaged between $3,800 and $3,900 in rental income from November 2015 to November 2016.

The city of Miami Beach hasn’t been as easy for Airbnb. The city tightened regulations for condo owners and condo-hotels in zoning districts where short-term rentals are currently allowed, passing an ordinance earlier this month that says properties rented to visitors and tourists on Airbnb and other short-term rental services will be classified as “transient short-term rentals.” Any owners who want to rent those properties will first have to notify the city to determine if the property is located in a district where short-term rentals are legal.

And the fines for violating the city’s short-term rental laws are steep. For that measure, violators of the ordinance would receive an initial fine of $1,000 followed by fines of $5,000, $7,500 and $10,000 for subsequent violations. About a year ago, the commission voted to increase fines for single-family homeowners who rent their properties on a short-term basis. Those fines start at $20,000 for first-time violators.

While Airbnb collects and remits bed taxes statewide (6 percent) and as well as in 31 Florida counties, those don’t yet include Miami-Dade, Broward or Palm Beach counties. This year, it collected more than $20 million in taxes in Florida. The company has said that it’s working closer to collecting local taxes in Miami-Dade.

Here’s a breakdown of the top 10 counties ranked by income in 2016:

  1. Miami-Dade: $113 million
  2. Broward: $28 million
  3. Osceola: $18.3 million
  4. Orange: $14.3 million
  5. Pinellas: $12.3 million
  6. Palm Beach: $9.5 million
  7. Monroe: $8.5 million
  8. Lee: $6.7 million
  9. Sarasota: $6.7 million
  10. Hillsborough: $5.1 million

– Katherine Kallergis


Related Articles

arrow_forward_ios
Miami Beach Mayor Dan Gelber and Natalie Nichols home at 1531 Stillwater Drive (Credit: Getty Images)

Miami-Dade judge strikes down Miami Beach short-term rental ban

Daily Digest Miami

Soffer in talks to buy Diplomat resort in Hollywood, 1-800 PetMeds founder sells Miami Beach house: Daily digest

Greg Mirmelli’s vacation rental property at 2120 Bay Avenue in Miami Beach

Renter sues for $57K refund linked to illegal Miami Beach short-term rental

From left: Santiago Vanegas, Harvey Hernandez, David Arditi, and Russel Galbut

In a sluggish condo market, these Miami developers find a sweet spot

From left: Jay Roberts, Keith Menin andRussell Galbut

Russell Galbut, Keith Menin ink deal with short-term rental operator Domio

Domio CEO Jay Roberts and the Monte Carlo at 6551 Collins Avenue in Miami Beach

Short-term rental operator Domio enters South Florida market

Anne Gannon and West Palm Beach (Credit: iStock and Airbnb)

Airbnb sues Palm Beach County … again

Miami Beach Mayor Dan Gelber (Credit: Getty Images, iStock, and Airbnb)

Airbnb settles federal lawsuit against Miami Beach over business and resort tax disclosures

arrow_forward_ios