Fast-growing Antigua and Barbuda has become the latest Caribbean destination to formalize an agreement with home sharing giant Airbnb.

The agreement aims to “help drive diversified and sustainable tourism to the islands and begin dialogue about a framework for taxation on accommodation,” the destination said in a statement.

The tourism and services industry is continually evolving, and Airbnb is the largest game changer in the accommodation sector. By working with them, we will ensure that Antigua and Barbuda is interacting with the full spectrum of visitors,” said Asot Michael, Antigua Minister of Tourism, Economic Development, Investment and Energy.

In Antigua and Barbuda, there are currently more than 500 active listings on Airbnb, with a typical host earning around $5,700 USD annually.

Antigua said the number of Airbnb guests to the islands had grown by 53 percent in the last 12 months, with travelers tending to stay around six nights.

“We are proud to work with Antigua and Barbuda to assist in the creation of new economic opportunities for the local economy and offer genuine experiences for travelers. Our joint efforts will highlight the culture, heritage and hospitality of local residents,” said Shawn Sullivan, Airbnb’s Public Policy lead for Central America and the Caribbean.