Short Term Rental Information Update
The Summit Alliance of Vacation Rental Managers just released it’s 2024 report. You can read the whole report here.
Highlights include:
- Tourism and vacation rentals delivered a combined $96M in tax revenues to Summit County, its towns, and the State in 2023
- Homeowners of Summit County’s vacation rentals provided more than $8.5M in 2023 to local initiatives through licensing fees for things like workforce housing, childcare facilities, and important infrastructure that the local residents need in order to thrive.
- Direct spending from both our visitors and our second homeowners immediately supported more than 9,700 jobs in Summit County with over $400M in wages and salaries directly attributable to tourism and vacation rentals in 2023.
Read the Summit Daily News Article: How many of Summit’s short-term rental owners are actually local? New data gives insights on that and more.
And below is a video of the one-hour webinar:
