Hospitality & Tourism  March 2, 2023

Denver Airbnb spending hit record last year, topping pre-pandemic peak

Editor’s note: This report first appeared at BusinessDen, a BizWest news partner.

DENVER — Guests paid a record $106.5 million last year to skip the hotel and stay at Denver properties booked through companies like Airbnb and Vrbo, according to a BusinessDen analysis using tax revenue data provided by the city. 

That exceeds 2021 short term rental volume by $30 million and surpasses 2019, the previous peak, by $7.9 million. 

The rentals brought in $11.4 million in tax revenue to the city in 2022, the highest amount ever recorded, Department of Finance spokeswoman Courtney Meihls said.

The city’s lodger’s tax rate is assessed at…

Related Posts

Sign up for BizWest Daily Alerts
Closing in 8 seconds...