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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As travel rebounds, more travelers are choosing to stay at #shorttermrentals. When developing regulations, cities must balance the needs of all stakeholders to promote neighborhood quality and preserve the benefits short-term rentals provide. https://vrboadvocates.com/good-str-policy/

.@Vrbo’s “Only Your People” campaign highlights the benefits of #vacationrentals. “Vrbo has established itself as the travel brand for togetherness and being with the people you love,” and we remain committed to fostering effective policy solutions. https://www.vrbo.com/media-center/press-releases/2022/vrbo-releases-only-your-people-creative-campaign

Balanced #shorttermrental policies help protect local community needs and short-term rental operations. Learn more about how policy solutions customized for different localities can help meet the needs of all stakeholders: https://www.star-telegram.com/news/politics-government/article263738833.html

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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