PHOTO: Liam Doran
Vacation rentals are squeezing young locals out of mountain towns. They’re also seriously padding the pockets of property owners. According to a report from Airbnb, hosts in Colorado mountain towns made $32 million between November 15, 2016, and April 15, 2017. That’s a 90 percent increase in guests and twice the amount of money from the previous winter.
The report considered the following towns: Avon, Breckenridge, Copper Mountain, Crested Butte, Dillon, Frisco, Keystone, Steamboat Springs, Telluride, and Vail. Airbnb hosts in Breckenridge earned the most, with $12.6 million in income.
Airbnb also noted that 27 percent of guests were from elsewhere in Colorado, while the second largest constituent was Texas, followed by Florida, California, and Illinois.