Airbnb, the world’s leading community driven hospitality company, announced today that its Los Angeles County host community earned a combined $187.5 million in supplemental income while welcoming approximately 335,000 guest arrivalsfor the five biggest weekends in 2019 across the region.
In an agreement with Airbnb vendors in Los Angeles, the City Council today approved a plan to create a compliance platform with the company under the city’s short-term rental ordinance.
Airbnb has partnered with Neighborhood Housing Services of Los Angeles County (NHS) to support its long standing “Don’t Move, Improve” program. This home rehabilitation loan program provides South LA homeowners with an opportunity to access no-interest and low-interest loans to improve their largest asset: their homes. Qualified applicants could have access to the funds they need to make long-overdue repairs like upgrading plumbing, painting or landscaping, and upgrading a bathroom.
As the city continues to discuss regulations to legitimize short-term rentals in Los Angeles, Airbnb announced its host community has remitted more than $100 million in transient occupancy taxes to the City in just over two years. This represents 10% of the more than $1 billion in taxes Airbnb has remitted on behalf of its host community around the world.
The company met with South L.A. residents to discuss the great opportunities they’re offering to potential hosts.
The Wave has been a partner of the festival since its inception. The Wave morning show host, Pat Prescott, and CBS LA news anchor, Pat Harvey, co-emceed the main stage as the “Pat Pat show”. The Ohio Players, the Gap Experience and many more performers blazed the main stage.
Ramsey County Attorney John Choi named former U.S. Department of Justice attorney Don Lewis