Vacation rental industry steps up lobbying in the face of stiffer regulation

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Vacation Rental أخبار

Expedia Group,Booking Holdings,Murray Cox

The vacation rental industry has stepped up efforts to influence U.S. lawmakers to keep more cities from enacting restrictions on short-term rentals in...

NEW YORK - The vacation rental industry has stepped up efforts to influence U.S. lawmakers to keep more cities from enacting restrictions on short-term rentals in response to concerns about housing availability and quality of life.

In the first half of 2024, vacation rental companies spent $1.4 million on lobbying, up 13% from the year-ago period as they step up efforts in states like Florida, Colorado, and Arizona. Detractors believe they will continue to spend more money. A month after regulations restricting rentals to primary residences were passed in 65 British Columbian communities, supply fell 9.4%, said Jamie Lane, chief economist at AirDNA, while daily hotel rates rose 9% in the province.

Local vacation associations and professional property managers are also pooling funds for lobbying. In Florida, the Florida Professional Vacation Rental Coalition persuaded Governor Ron DeSantis to veto a bill in June that would have authorized local officials to revoke or refuse to renew short-term rental licenses."You pay to have access," said Steve Milo, coalition Steering Committee Chair and CEO of VTrips, a professional property management company.

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