The regulation establishes an STR registry and licensing process run by the city’s Permits Office. #NewsismyBusiness
In the study, Foundation for Puerto Rico covered the factors impacting housing and rent prices on the island, examining several causes. #NewsismyBusiness
In Puerto Rico, during the first quarter of 2023, more than 80% of private room reviews on the island received a 5-star rating. #NewsismyBusiness
The new app is the latest development for the short-term rental platform. #NewsismyBusiness
STRs have fostered gentrification and residential displacement in the communities, one person who testified at the hearing said.
Forty-one percent of the island’s hosts have earned the coveted platform status.
Isabela and Dorado have enacted new ordinances, Aguadilla and San Juan are in progress, and other cities will follow.
In mid-November, San Juan Mayor Miguel Romero announced plans to regulate STRs in the city.
The San Juan municipal government could shore up some $1.6 million in license fees from 3,792 short-term rental operators in the capital city.
The event focuses on the development of the short-term rental industry in Puerto Rico.
Property hosts and guests can receive text messages about their reservations.
The upgrade took effect Aug. 1.
There are more than 22,000 STRs in Puerto Rico.
The group states that there is a need for mechanisms for monitoring and compliance of industry regulations.
Because hotels and short-term rentals offer a fundamentally different visitor experience, these segments are not in direct competition.
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