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The group said the bill should be withdrawn or rejected so that it may be “responsibly reworked” during the next legislative session in 2025.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
Airbnb revealed travel trends for the coming months, globally, as well as hot destinations for travelers in Puerto Rico. #NewsismyBusiness
Since 2015, the exponential growth of STRs has significantly altered the transient lodging market in Puerto Rico. #NewsismyBusiness
In 2023, the industry improved across all major indicators for the third year, Discover Puerto Rico stated. #NewsismyBusiness
Puerto Rico’s visitors’ economy generated $1.6 billion last year. #NewsismyBusiness
About 17,000 short-term rental units currently represent 32,000 rooms on the island. #NewsismyBusiness
Being a host represents an economic lifeline for many as the average private room host has earned extra income. #NewsismyBusiness
In Puerto Rico, approximately 780 guests were blocked or redirected when attempting to book on Airbnb during New Year's Eve. #NewsismyBusiness
Puerto Rico already has all the required laws and regulations to address these compliance gaps, and only needs to formally recognize that STRs are a commercial activity. #NewsismyBusiness
Since Airbnb implemented anti-party measures, there has been a global 55% drop in party reports on the platform in two years, it stated. #NewsismyBusiness
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