The British Virgin Islands (BVI) is the latest destination to sign a Memorandum of Understanding with Airbnb, joining a growing list of Caribbean countries involved in the home sharing movement, including Anguilla, Antigua and Barbuda, Aruba, the Bahamas, Cayman Islands, Bermuda, Cuba, Curacao, Grenada, Jamaica, Puerto Rico and the U.S. Virgin Islands.

Sharon Flax Brutus, the BVI's director of tourism, said that the country "is pleased to be a formal part of the Airbnb network. We think Airbnb properties present a fabulous opportunity for home share guests to be able to experience authentic British Virgin Islands' culture and lifestyle."

More than 100 hosts in the BVI are participating, with accommodations ranging from $90 a night for a one-bedroom cottage in Tortola up to $700 a night for a five-bedroom villa in Virgin Gorda, depending upon the time of year.

"Airbnb is proud to partner with the BVI Tourist Board to diversify the local tourism product through home sharing," said Carlos Munoz, Airbnb's campaign manager of public policy and communications for the Caribbean and Central America.

"This partnership will help to strengthen tourism development, one of the nation's largest economic sectors, and generate economic opportunity throughout the islands," he said.

In the Caribbean and the Yucatan Peninsula, Airbnb hosts earned more than $266 million in 2017, more than double the previous period, and attracted nearly two million guest arrivals during the first eight months of the year.

Airbnb said that it would continue to collaborate with governments in the region to support healthy tourism growth through destination marketing and inclusive, sustainable tourism initiatives.

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