The Real Deal – Airbnb to blame for decline in hotel tax revenue

December 27, 2015
City revenue from the hotel tax is down for the first time since 2009. And wouldn’t you know, controversial home-share service Airbnb is partially to blame. The Independent Budget Office said the hotel occupancy tax will generate $546 million in Fiscal Year 2016, a drop of $14 million from Fiscal Year 2015….
Source: http://therealdeal.com/blog/2015/12/27/airbnb-to-blame-for-decline-in-hotel-tax-revenue/