Protect Los Angeles Vacation Rentals

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Los Angeles is a major tourist destination for the State of California. People choose to visit Los Angeles for its vibrant culture, often choosing to stay in vacation rental homes for a uniquely authentic LA experience. In addition to providing lodging options for travelers, vacation rentals generate extra income for homeowners and families, improve neighborhoods, support local jobs, and spread tourism dollars across the city.

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Even after the unprecedented early surge in demand for summer #vacationrentals last year, the rush to book summer #travel has further accelerated in 2022. We outline the factors influencing the earlier rush to book @vrbo vacation homes: https://ca.finance.yahoo.com/news/vrbo-reports-accelerated-rush-book-140000719.html

#Shorttermrentals support not only hosts and their families, but the local landscapers, housekeepers, maintenance workers, and others who depend on STRs for work. Effective policy ensures that STRs can continue supporting jobs in their communities. http://vrboadvocates.com

.@Vrbo is committed to educating hosts and travelers of a #ShortTermRental’s responsibility to its community. That’s why we developed our #StayNeighborly program, providing neighbors & local govs resources to easily alert our team of any disruptive stays. http://stayneighborly.com

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FACTS ABOUT LOS ANGELES VACATION RENTALS

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FACTS ABOUT LOS ANGELES VACATION RENTALS

SUPPORTING GOOD JOBS


Vacation rentals in Los Angeles supported over 17,000 jobs in 2019, including cleaning services, landscapers, contractors, and the local retail stores and restaurants that benefit from vacation rentals.

ALLOWING LOCALS TO EARN EXTRA INCOME


93% of vacation rental owners and managers are residents of Los Angeles. 89% of vacation rental owners in Los Angeles own 1-3 properties. By renting these properties to travelers, these local residents earn extra income to cover their mortgage, pay for their child's education, and save for retirement.

DRIVING ECONOMIC BENEFITS


In 2019, vacation rentals in Los Angeles generated $1.9 billion in economic activity.

SUPPORTING LOCAL BUSINESSES


In 2019, visitors who stayed in vacation rentals spent over $600million on local transportation, food, beverage, and entertainment.

WHAT LOCALS ARE SAYING ABOUT VACATION RENTALS

“I was in my late fifties when I lost my job in the economic crash of 2008. Being able to vacation rent my property saved me financially from inevitable bankruptcy and foreclosure.”


LA Vacation Rental Owner

“The funds generated from the venture has allowed me to continue to make improvements to a property that was previously an eyesore on the street and a magnet for trash to be abandoned on the property. My neighbors love what I have done for the beautification of the street.”


LA Vacation Rental Owner

“We employ a crew of house cleaners, gardeners, and various handymen who benefit from our rental, supporting the local economy.”


LA Vacation Rental Owner