Airbnb Brought $8.2 Million In Taxes To Chicago Last Year
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Chicago (CBS) -- The City of Chicago collected $8.2 million in tax revenue from local Airbnb hosts in 2018.
The popular travel company has a partnership with the city that allows it to collect and remit lodging taxes, some of which goes toward addressing homelessness and domestic violence support services.
Airbnb and HomeAway/VRBO are the only two short-term rental platforms legally licensed to operate in Chicago and collect Chicago taxes.
Cook County hosts welcomed about 710,000 guests and earned $109 million in supplemental income last year.
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