Complete Colorado

Airbnb comes out swinging against Vail short-term rental tax

VAIL–The opposition campaign against a proposed short-term rental (STR) tax hike in Vail got a big boost ahead of the November election with a hefty $30,000 donation from Airbnb, the peer-to-peer technology company that connects property owners with those seeking temporary accommodations. 

Short-term rentals are residential properties rented to individuals for no more than 30 days.  Issue 2A, approved for the November ballot by the town council in August, would slap a new 6% excise tax on top of an existing 10.8% short-term rental tax, with the money earmarked for Vail’s subsidized housing strategy.        

Vail Common Sense Housing Committee, a coalition of 21 members including Vail residents and general staff managers of rental companies, have been battling for the voters’ attention against the pro-2A campaign, Vail Locals for Housing. According to campaign finance records from the town clerk’s office, the STR tax advocates have raised $11,600 as of Oct. 20.    

Vail Common Sense Housing Committee says the cost of subsidized housing should not fall solely on the shoulders of rental businesses and tourists. The group has raised $59, 500 to fight the measure, with the game-changing Airbnb contribution coming on Oct. 15.  

Rentals in Vail is one of many vacation rental companies apart of the Vail Common Sense Housing Committee coalition. General Manager Lance Hering, also a Vail resident, says this will increase revenue by 55% and will drive out consumers, ultimately hurting Vail,  

“Most of the short-term rentals here didn’t have a good year” Hering told Complete Colorado, “This tax is going to make things worse in that capacity.”

While with the Vail donation Airbnb is fighting a tax hike, the technology giant has supported forcing taxpayer to subsidize housing in other circumstance, giving a $100,000 contribution to Coloradans for Affordable Housing Now in 2022 in support of Proposition 123, the state subsidized housing fund.  

Airbnb also recently made a $30,000 contribution in support of the “Vibrant Denver” bond campaign, Denver’s $2 billion debt increase to fund capitol repairs and improvements, also appearing on the November ballot.    

“Obviously this is in Airbnb’s interest, but this (Issue 2A) is bad for the town of Vail,” Hering said, of Airbnb’s contribution.      

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