City of San Diego Collected $7M in Tax Revenue from Airbnb Users Through Partnership in 2016: Report - NBC 7 San Diego

City of San Diego Collected $7M in Tax Revenue from Airbnb Users Through Partnership in 2016: Report

The growing home-sharing industry in San Diego is benefiting the City in a big way.

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    City of San Diego Collected $7M in Tax Revenue from Airbnb Users Through Partnership in 2016: Report
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    FILE PHOTO: The Airbnb website is displayed on a laptop on April 21, 2014 in San Anselmo, California. (Photo Illustration by Justin Sullivan/Getty Images)

    The growing home-sharing industry in San Diego is benefiting the City in a big way. 

    According to a new report released by Airbnb, the popular home-sharing website, the City of San Diego collected $7 million through a partnership with Airbnb's Transient Occupancy Tax program in 2016.  

    The money goes straight into the City's general fund, a City spokeswoman said. 

    "San Diego is proud to be a tourist destination. As a component of the City’s General Fund, Transient Occupancy Tax helps pay for critical services that make this a world class city including road repairs and public safety," said Katie Keach, the Director of the City's Communications Department.

    The $7 million does not include any County or state-level taxes that may apply. 

    The report goes on to say that by partnering with Airbnb, the 50 largest cities in the U.S. would have collected approximately $250 million in hotel, tourist and occupancy taxes last year. 

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