Voice of the California Home Sharing Economy
Economic Impact
Contributions to the state’s GDP
$13.42B+
132.6K+
Jobs supported through STR
$3.91B+
Occupancy tax revenue
Policy Priorities*
Policy Priorities*
Coastal Access
Vacation rentals long predate online rental platforms. Emergence of these platforms made home rentals more convenient & accessible. Short-term rentals expand tourism by providing alternative & affordable access to California’s coastline.
Occupancy Tax Parity
Guests staying residential short-term rentals should pay the same occupancy tax rate than those staying in traditional accommodations such as hotels & motels. Occupancy taxes are a critical source of revenue supporting infrastructure, environmental preservation, and other community benefits.
Housing Affordability
A robust housing supply remains a fundamental element in any community development strategy that aims to facilitate social mobility and equity. Home sharing helps individual owners afford to live & own property in the golden state. Housing policies should encourage development and promote short-term rentals as a means to help residents, not private equity firms, own & maintain their property.