CHARLESTON, S.C. (WCIV) — The world’s leading community driven hospitality company, Airbnb, announced that its South Carolina host community earned a combined $111 million in supplemental income while welcoming approximately 695,000 guest arrivals to the state in 2018.
This comes as South Carolina residents increasingly embrace the home sharing platform as an opportunity to earn supplemental income and make ends meet. There are now over 8,500 South Carolina hosts who share their homes via Airbnb, typically earning about $7,500 annually in supplemental income. In 2018 Charleston County hosts earned $54.9 million; Dorchester $938,000; Berkeley$572,000.
The home sharing community provides significant value through expanded lodging capacity for South Carolina communities when hotels sell out during big events.
Airbnb officials say in addition to the new income going into the pockets of South Carolina Airbnb hosts, the state is generating new revenue through a tax agreement with the South Carolina Department of Revenue announced in 2016. The agreement allows Airbnb to collect and remit South Carolina state and local taxes on behalf of its hosts and deliver the revenue directly to DOR.
Airbnb was founded in 2008. The company says its mission is to create a world where people can belong through healthy travel that is local, authentic, diverse, inclusive and sustainable.