Vacation rentals are becoming one of the most popular accommodations for travelers. As more homeowners rent out their home through Vrbo, cities across the country are grappling with how to create fair, effective, and sustainable vacation rental policies. Critical to those policy conversations is the issue of housing affordability, and the extent to which vacation rentals are responsible for rising rents and home prices.
As part of their commitment to collaborating with local leaders to advance policies that work for communities, vacation rental owners, and travelers alike, Vrbo partnered with Oxford Economics to uncover the key contributors to affordable housing challenges—including what role vacation rentals play. This research concludes that vacation rentals have had a minimal impact on housing and rent prices, and as such, over-regulation of vacation rentals would have a minimal impact on housing affordability issues.
The study introduces important context and perspective, and is a tool for lawmakers to use as they shape travel policy in their communities.
Click the links below to download the full research report and key findings.
THE DRIVERS OF HOUSING AFFORDABILITY: FULL REPORT
THE DRIVERS OF HOUSING AFFORDABILITY: INFOGRAPHIC