13 Sep Level the Playing Field: City of Los Angeles Short Term Rental Regulations Must Not Exclude Traditional Vacation Rentals
LOS ANGELES, CA – September 13, 2018 – The Los Angeles Planning Commission is moving forward with a proposal for Short Term Rental (STR) regulations that exclude traditional vacation rentals. The Los Angeles Vacation Home Rental Alliance (LAVHRA) supports reasonable regulations of vacation home rentals in Los Angeles – but traditional vacation rentals are important to the community and our local economy and should be included in these critical policies.
Excluding traditional vacation home rentals will suppress the thriving tourism-driven economy in Los Angeles as well as the livelihoods of those benefitting from a robust vacation home rental market. Moreover, these regulations will have the effect of favoring one property owner over another, instead of developing policies that are fair and easy for all homeowners to follow and protect neighborhoods from flooding the market with primary and secondary STRs.
Los Angeles attracts visitors from around the world and 1 in 3 Americans would be less inclined to visit a city if vacation rentals were unavailable. Vacation home rentals generated $1.5 billion in local economic activity by supporting 14,000 jobs and boosting small businesses by bringing additional tourism dollars to local businesses and unique neighborhoods outside of the traditional hotel districts.
Traditional vacation home rentals should be included in any STR regulations. By protecting traditional vacation home rentals, we help preserve our tourism industry, create jobs, and provide affordable and authentic experiences for travelers from across the world. LAVHRA encourages the Planning and Land Use Management Committee of the City of Los Angeles to develop policies that benefit and work for all homeowners, neighborhoods and small businesses.
The Los Angeles Vacation Home Rental Alliance (LAVHRA) is a coalition of stakeholders that include property owners and managers, housekeepers, gardeners, and businesses both large and small that benefit from vacation rental activities.