Airbnb and HomeAway and their affects on Cancun hotels

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Vacation rentals in Cancun already represent a quarter of the lodging offer

Vacation rentals have grown exponentially in Cancun, placing the destination in the "top ten" of Latin American cities with more options for vacation rentals than other Central American cities.

According to AirDNA, a company dedicated to supporting this worldwide market segment, as of July 2019, the city of Quintana had 9,397 ads by vacation platforms such as Airbnb and HomeAway.

In that way it was located in the eighth place of the measurement, only below cities like Lima, with 11 thousand 701; Province of Santiago, with 12 thousand 959; Sao Paulo, with 13,885; and Bogotá with 14,324 offered.

The first three sites were occupied by Mexico City, in the third place with 16,584 ads; Buenos Aires, in second place, with 17,629; and first place, with 26,637 goes to Rio de Janeiro, Brazil.

Currently in Benito Juarez, the authorities have not achieved a real estimate of the number of rooms, but the Municipal Tourism Office works with the two most important platforms Airbnb and HomeAway, in search of a regulation, which gives greater security to travelers who stay in those houses.

Luis Alegre Salazar, deputy and president of the Tourism Commission, explained that these platforms, according to the Miscellaneous Tax, must pay Income Tax (ISR) and Value Added Tax (VAT), which will allow a higher collection.

“In other countries, state and municipal tax payment requirements must already be met, as well as comply with Civil Protection regulations, which is an equity with hotels, especially in destinations such as Quintana Roo," he mentioned.

During 2018, Airbnb hosts in Quintana Roo had a total income of more than 2.1 billion pesos (approximately $107 million), housing 951,400 visitors, according to data from the platform.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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