Hotels are Losing War On Holiday Rentals

In Costa Rica the total amount of accommodation available for rent through the web platform Airbnb is now equivalent to 18% of the hotels in the country.

Wednesday, October 19, 2016

The figure has been confirmed by the union of hoteliers, who say there is now a total of 11,000 homes offering accommodation for tourism through Airbnb. On top of this data there are also residences rented to tourists through other platforms such as Homeaway or VRBO.

The hotel industry claims that competition with these new platforms is not being developed on an equal footing. Gustavo Araya, president of the Costa Rican Chamber of Hoteliers, told Elfinanciero: "... 'We have no objection to the platform operating in the country, but we have to operate under the same conditions'." 

See "Panama: Hotels vs. AirBnB War Continues"

"... In tax terms, hosts using Airbnb and other platforms only have to declare income tax. In addition, they have to pay Airbnb 3% of the amount of the reserve as part of the service fee charged by the platform. The hotel sector, meanwhile, pays $450 million a year in income taxes and sales taxes that are specific to the sector."

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More on this topic

Airbnb to Pay Taxes in Panama

July 2017

The company has proposed to the government that a tax collection scheme be implemented for property owners that rent out rooms to tourists using its web platform.

Airbnb's idea is to establish a system similar to the one recently implemented in Puerto Rico, where the company signed an agreement with the government to collect taxes on rentals from homeowners. 

Taxes on Rental Accommodation in Costa Rica

February 2017

A bill being prepared by the hotel union would force platforms such as Airbnb to pay 13% sales tax and an additional 5% for national parks.

The bill is being drafted by the National Chamber of Tourism, which intends to submit it to the Legislative Assembly. If passed, this law would take effect for all platforms used for renting accommodation for tourism purposes, such as Airbnb, Homeaway and others.

Airbnb Wants to Pay Taxes in Costa Rica

December 2016

The company's proposal states that in just two months it could start making tax payments, putting to the test the responsiveness of bureaucracy against the speed of the real economy.

Airbnb, one of the leading global companies that is taking advantage of the momentum that the technological revolution has provided to the collaborative economy, has now created a housing supply available for seasonal rental in Costa Rica which is equivalent to 18% of the supply of hotels. 

11% of Tourists Prefer Houses to Hotels

November 2016

In Costa Rica between 2010 and 2015, the proportion of tourists staying in rented homes instead of hotels increased from 4% to 11%.

Of the more than 9.6 million tourists who visited Costa Rica in the last five years, almost 700 thousand claimed to have stayed in rented homes using platforms such as Airbnb or Homeaway, instead of hotels. Figures compiled by Nacion.com indicate that the greatest trend was seen in the province of Guanacaste, specifically among tourists coming into the country through the Daniel Oduber airport.

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