Press release from North Star Inbound:
Anyone who’s been a click away from booking a short-term rental on Airbnb, only to realize that the final price has been jacked up on surcharges, has experienced frustration with how the platform displays prices.
Forbes Advisor analyzed 32,000 listings in the 100 most popular Airbnb markets to establish regional trends for nightly rates, cleaning fees, and taxes.
Key findings:
-Nationwide, customers face an average of 36% in fees on top of nightly rates.
-In Asheville, customers face an average of 40% in fees on top of nightly rates.
-The average nightly rate in Asheville is $251 with 11% average cleaning fees, 16% average service fees, and taxes of 13% on average.
-North Carolina has 3 cities in the top 100 (Raleigh #13, Wilmington #26, and Asheville #30).Read the full report here.
And yet, residents still carry the burden of infrastructure while we’re constantly told how great tourism (and its ridiculous business model) is and how much value it brings to our community…sigh.