Page 10 - ATA

Caribbean Vacation Markets Set Trend For

Collaboration, Tax Collection With Airbnb

Airbnb agreements and tax deals are accelerating in

vacation rental markets in the Caribbean, with over 10 collaboration agreements with governments
in the region and lodging tax collection deals in the US Virgin Islands, Puerto Rico and, most
recently, Quintana Roo.
As this movement picks up speed, more and more countries with tourism-intensive economies are

choosing to embrace innovation and pave the way to diversify the sector and spread the benefits of
democratized tourism revenue within their societies.

In the Caribbean and Yucatán Peninsula, Airbnb hosts have earned over US$266 million in 2017,
more than double the previous period. These destinations have attracted nearly 2 million guest
arrivals this year, up 170 percent from the same eight months in 2016.

By strengthening support for home sharing and allowing Airbnb to help users fulfill their local
lodging tax obligations, these governments have set strong examples for other Latin American
countries that are devoted to tourism development. A first in South America, Chile has partnered

with Airbnb to assist in research travel trends through its National Productivity Commission.
Airbnb has also signalled a strong commitment to the region, with office openings in Mexico City and
Buenos Aires as well as support for the government of Jamaica to host the UNWTO meeting there in
November.

This comes on the heels of the ten Memorandums of Understandings Airbnb has reached with
countries throughout the Caribbean in only nine months, including the governments

of Anguilla, Antigua and Barbuda, Aruba, the Bahamas, Bermuda, Curacao, Grenada, Jamaica,
Puerto Rico and the influential Caribbean Tourism Organization (CTO). These agreements have
established a basis for mutual cooperation with governments, supporting sustainable tourism
development and expanded economic opportunity for thousands of Airbnb hosts.