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CC - Approval of a Voluntary Collection Agreement with Airbnb for the Collection of Transient Occupancy Tax on Short Term Rentals.
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Meeting Date: September 24, 2018
Contact Person/Dept: Jesse Mays / Assistant to the City Manager
Phone Number: (310) 253-6000
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [X] Attachments: []
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (09/17/18); GovDelivery e-mail lists: Short Term Rentals (09/17/18), Finance Authority (09/17/18), Fiscal and Budget Issues (09/17/18).
Department Approval: Serena Wright, Assistant City Manager (09/18/18)
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RECOMMENDATION
Staff recommends the City Council approve the proposed Voluntary Collection Agreement with Airbnb for the collection of transient occupancy tax on short term rentals.
BACKGROUND
Short Term Rental Hosts and Hosting Platforms
Short term rental hosts use hosting platforms to advertise, facilitate, and manage bookings at their property. Airbnb is the largest short term rental hosting platform in Culver City by number of active listings. The two other most well-known hosting platforms, HomeAway (which owns Vacation Rental By Owner and VacationRentals.com) and FlipKey (owned by TripAdvisor), currently each only have a handful of Culver City listings. There are also other, less popular short term rental sites that do not appear to currently have any presence in Culver City, such as Innclusive, Homestay, and Vacasa.
Current Airbnb Market in Culver City
On Airbnb, the number of active listings (listings with days available for rent during the past month) in Culver City is currently 264. Of these listings, 155 are entire homes for rent, and 106 are for a private room in a home, and 3 are for a shared room. There are 231 properties wi...
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