Airbnb generated $54 million in economic activity in Lexington in 2023

Short-term rentals play a critical role in supporting Lexington’s tourism industry and the local economy by offering tourists unique, affordable accommodations. Airbnb released new data showing that hosts in Lexington contributed an estimated $54 million in local economic activity in 2023.¹

By welcoming guests into their homes who then spend money on local businesses, hosts in Lexington helped support more than 2,000 jobs,² which in turn generated approximately $35 million in income for local workers in 2023.³ 

Airbnb hosts also help raise important tax revenue for the city. Last year alone, Airbnb hosts in Lexington helped generate nearly $25 million in total tax revenue,⁴ including approximately $1.7 million in local hotel occupancy taxes collected and remitted by Airbnb on behalf of hosts in Lexington.

Hosting on Airbnb is a vital source of supplemental income for residents in Lexington. According to a survey…