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
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The group said the bill should be withdrawn or rejected so that it may be “responsibly reworked” during the next legislative session in 2025.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
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