Rooms Rentals & Shares

Aspen Cracks Down on Peer-to-Peer Rentals After Calculating Tax Loss

Jul 01, 2014 5:00 pm

Skift Take

Like many destinations, Aspen has only recently considered and calculated the cost unofficial vacation rentals are having on its community and tax collection. Airbnb hosts can expect stricter regulations as officials wise up to the business model.

— Samantha Shankman

Latest Report: Instagram Strategies for Travel Brands

Nan Palmero  / Flickr

The family room of a vacation rental in Aspen, Colorado. Nan Palmero / Flickr


Aspen officials once estimated they were losing $100,000 a year in tax revenue to independent rental websites like Airbnb.

Now the city says it’s getting some of that money back by issuing licenses and collecting taxes from individuals using the sites to rent their homes and apartments.

The Aspen Daily News reported that the city estimated in 2012 that it was losing $100,000 a year in sales taxes and licensing fees to such sites. The city council voted to let people rent their domiciles as often as they wanted, as long as they got a license and paid taxes.

As of February 2014, the city had a total of 61 short-term rental licenses on file. In 2013, the city brought in $73,000 in revenue from 30 new licenses.

Copyright (2014) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Tags: , ,

Next Up

More on Skift

TripAdvisor’s Viator Notifies 1.4 Million Customers about Site and Mobile Data Breach
3 Aviation Trends We’re Tracking At Skift This Week
Amtrak Funding Reauthorization Bill Still Keeps High-Speed Rail Plans on Track
Business Travelers Find Turning Trips Into Vacations Has Its Perks