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Cities Restricting Short-Term Rentals Set To Lose $2.4 Billion In Tourism Taxes While They Spend Billions To Host Migrants On Taxpayer Dollars

As cities worldwide tighten their grip on short-term rentals, they are losing billions in taxpayer dollars. Recent data shows that in 2023, hosts in these countries contributed approximately $2.4 billion in tourism taxes, with the U.S. generating $2.2 billion and Canada contributing $319 million respectively. Among the top states in the U.S., Florida, California and Tennessee led the pack, with tax revenue amounting to $387 million, $212 million and $135 million respectively. Globally, Airbnb In ....

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