Senate Bill 238 aims to amend the Room Occupancy Tax Act (Act 272-2003). #NewsismyBusiness
Hospitri, a name derived from the words hospitality and atrium, is designed to work as a business partner for STR property managers. #NewsismyBusiness
Analysis also anticipates more guests staying in short-term rentals in the year's first half. #NewsismyBusiness
The event will gather local and international experts to analyze trends, explore the impact of artificial intelligence and offer tools for owners, managers and investors. #NewsismyBusiness
Since the system went into effect in 2020, the rate of reported parties during New Year’s Eve has decreased by more than 78% in Puerto Rico. #NewsismyBusiness
Of those hosts who shared their gender and are over 60 years old, in Puerto Rico, 50% are women. #NewsismyBusiness
Flaws in the data collection and organization of thousands of short-term rentals undermine oversight, even as the Tourism Company recognizes this sector as its most significant revenue source.
The island has an estimated 20,000 to 30,000 units. #NewsismyBusiness
The economic contribution includes the total financial impact generated by guests during their trip. #NewsismyBusiness
One of the most pressing issues discussed was the high cost of development, 30% of which is attributed to government-related expenses. #NewsismyBusiness
The Municipality of Isabela has around 500 active hosts offering homes for rent. #NewsismyBusiness
The Senate rejected House Bill 1557, leaving the STR sector without clear regulations. #NewsismyBusiness
The Puerto Rico Hotel and Tourism Association agrees with the Senate’s decision, while Airbnb said it represents a setback. #NewsismyBusiness
The group said the bill should be withdrawn or rejected so that it may be “responsibly reworked” during the next legislative session in 2025. #NewsismyBusiness
The PRHTA demands regulation of STRs in line with the sector’s realities. #NewsismyBusiness
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