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WTTC releases short-term rentals report
The World Travel & Tourism Council has released a new short-term rentals report.
The ’Best practices for short-term rentals’ report is supported by Airbnb, offers easy-to-implement best practices for the segment.
The paper suggests short-term rentals have increased the number of accommodations available and helps the disperse visitors within a destination, as well as expand local community participation.
It offers case studies from destinations such as Cape Town, Sydney, and Seattle.
It includes simple policy recommendations such as data sharing, registration, smart taxation, and long-term community investment approaches.
Julia Simpson, WTTC President & CEO, said: “As we begin to recover, we must focus on building back better in each of our industries.”
“The best practices offered in this report will provide governments with key policy recommendations that will both promote tourism in their destinations while supporting those local communities.”
According to a survey of guests who stayed in Airbnb listings in 2021, 20% indicated that if their choice of property were not an option, they would have changed their length of stay to ensure they were able to book their preferred property.
Theo Yedinsky, Airbnb Global Policy Director, said: “Short-term rentals allows everyday people to take part in the tourism economy, and the income earned through hosting is helping many people navigate the impacts of inflation.”
“Approximately 35% of Airbnb hosts globally say they host to help cover the rising cost of living.”
According to the report, governments can consider adopting data sharing, registration, smart taxation, and long-term community investment plans to help ensure short-term rentals continue to benefit communities.
The report analysed a number of popular destinations which have benefitted from implementing rules to address short-term rentals.
Sydney took steps to regulate short-term rentals, including a digital registration system to achieve consistency.
In Puerto Rico, the increase in tax revenue has supported funding of the Puerto Rico Tourism Company’s activities.
To read the report in full, please click here.
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