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Airbnb little compton9/13/2023 ![]() ![]() The new ordinance requires at least one off-street parking space for each bedroom to be provided on the same lot on which the rental is located. Failure to do so will revoke any municipal short-term rental privileges, councilors said.Īt the time of registration, the unit must be inspected by the building official and fire marshal to determine the occupancy limit, proper installation of smoke detectors, and the number of off-street and on-street parking spaces available. Under the proposed guidelines, all properties rented, leased, or otherwise occupied by a tenant for less than 31 consecutive days must be registered by the registered property owner and must file with the town clerk before any tenant checks in to the property. were the top five origin cities for Rhode Island Airbnb guests (in order starting with the most).Many Little Compton residents voiced their concerns and suggestions at Thursday’s town council meeting, when council members reviewed a second draft of an ordinance amendment that would regulate short-term rental properties in town. New York City, Boston, Providence, Philadelphia and Washington, D.C. “As we mark yet another historic summer and look ahead, we hope to keep working with State government, as well as towns and cities statewide, to ensure short-term rentals can continue to play a strong role in the entire Rhode Island economy.” “With more guest arrivals this summer than ever before, hosts and small businesses have been able to enjoy the opportunities created by an expanded tourism economy, while the State has benefitted from additional tax revenue as a result of this growth,” said Josh Meltzer, the head of Northeast public policy for Airbnb. ![]() Combined, short-term rentals accounted for about $83,000 of the revenue for Newport and Middletown from July 2018 through May 2019.Īirbnb accommodated 111,700 guest arrivals in Rhode Island from Memorial Day weekend through Labor Day and brought in $24.1 million in host income, according to the statement. The vast majority of the revenue comes from traditional hotels, not hosting platforms. The town brought in $971,698 from the two sources, an increase of $44,481, according to the reports. Middletown, on the other hand, saw an uptick in its share of lodging tax revenue, ranking fourth in the state. That is a drop of $57,335 across the same period the previous fiscal year, according to state revenue reports. and 5% to the Providence Warwick Convention and Visitors Bureau.įrom July 2018 through May 2019, Newport brought in the most revenue across the state from the two sources, totaling $2,191,134. Since July 1, 2018, the breakdown for lodging revenue derived in Newport County has been: Discover Newport receives 45% 25% goes to the host municipality 25% to the Rhode Island Commerce Corp. The other 5% is divided based on a formula established by the state legislature. People who stay at a hotel or short-term rental pay the 7% state sales tax they also pay an additional 6% lodging tax, of which 1% goes directly to the host community. The June report, the last of the past fiscal year, is not finalized yet, Department of Revenue spokesman Paul Grimaldi said. Lodging tax revenue reports compiled by the state Department of Revenue are only available through May. The top five destinations for Airbnb guests in Rhode Island were, in order starting with the most: Providence, Newport, North Kingstown, Middletown and Westerly, according to a statement from Airbnb. ![]() Providence County was second in guest arrivals with 31,800, and Washington County rentals reaped the second most income with $6.5 million. The numbers for the county, which were anchored by Newport and Middletown, included 43,300 guest arrivals and $11.6 million in host income. Airbnb rentals across Newport County paced Rhode Island in total number of guests and income from Memorial Day weekend through Labor Day, the hosting platform recently announced. ![]()
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