AirBNB has reported that hosts in Miami-Dade took in a whopping $204 million in 2018, up 52% from the $134.6 million in 2017. The county led all of Florida, followed by Osceola County and Broward County at $82.6 million and $80.3 million respectively. AirBNB hosts in Florida took in $810 million in 2018, which was an 80% increase from 2017 when host income was $450 million and almost three times the $273 million first reported in 2016. Of the $810 million, over $315 million, 38%, was reported by the counties that make up South Florida with over 1.47 million guests as Palm Beach County also brought in $30.6 million. AirBNB also reported that over 45,000 Florida hosts share their homes on the platform with an average of $6,500 in annual supplemental income.
AirBNB recently sued the City of Miami Beach over the newly instituted ordinance regulating short-term rentals which requires short-term rental platforms, such as AirBNB, to regulate the posted listings and only offer properties that have provided proof of registration with the city. AirBNB recently took down all illegal Miami Beach listings from the site. AirBNB is also planning an IPO in late 2020 and has been valued at over $31 billion.
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