Airbnb Is Booming in the Caribbean

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Airbnb hosts in the Caribbean and Yucatan Peninsula of Mexico have earned more than $266 million so far in 2017, according to the company’s latest data report.

These destinations have attracted nearly 2 million guest arrivals this year, representing a 170 percent increase from the same eight months in 2016.

The report comes as Airbnb has signed more than 10 collaboration agreements across the Caribbean and Mexico covering both tourism cooperation and more formal tax collection logistics.

“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,” Airbnb said in a release.

So far, Airbnb has signed agreements with governments including Anguilla, Antigua and Barbuda, Aruba, the Bahamas, Bermuda, Curacao, Grenada, Jamaica, Puerto Rico and with the Caribbean Tourism Organization.

“These agreements strengthen the region’s tourism industry, and we are proud to have streamlined the lodging tax collection process for our users in places like Mexico City, Cancun, Playa del Carmen and Tulum,” explained Jordi Torres, regional director for Airbnb in Latin America. “And we look forward to rolling out new announcements with governments in the rest of the continent,” he added.