Ulster County beats the rest of the Hudson Valley in income earned by short-term rental hosts
Cloey Callahan is reporting for the Times Union that Ulster County led the region in new Airbnb host income last year, with county homeowners who rented out their homes for the first time in 2021 collectively making more than $7 million, a 133 percent increase over 2019. It also represents a 6 percent share of the total new host market statewide. In the first six months of 2021, the Catskills and Hudson Valley region were among the top 10 most profitable areas for new hosts with one listing, according to an earlier report. New Airbnb hosts in Greene County, an especially popular skiing and snowboarding destination, earned more than $3.5 million collectively last year, while new hosts in Columbia and Sullivan made more than $2 million each. In Dutchess, where there are many hotels and where more towns are considering short-term rental regulations, income levels for new Airbnb hosts remained flat at $1.5 million. New York ranked fourth nationwide among the top five most profitable states for new host income in 2021. Suffolk County, home of the Hamptons, is one of the state’s biggest short-term rental markets recording $17 million in new host income in 2021, nearly as much as the entire Hudson Valley region. California leads the nation in new host income with Florida and Texas ranked second and third, respectively. According to market data from StayMarquis, a vacation rental company, there are currently nearly 8,000 available vacation properties across 10 Hudson Valley counties. Read the full story in the Times Union.