Tag: rentals

Appropriateness of short-term vacation rentals continues to stir debate

Short-term vacation rentals have been a topic of debate for homeowners and visitors vacationing here in the Coachella Valley amid the pandemic. Now, Cathedral City moving forward with its phase-out plans.

A quiet neighborhood in the Cathedral City could see some changes with its short term vacation rentals. 

“I think it’s about time and it’s gotten out of hand and I think there are way too many of them currently in the city it just seems that way,” said Keith Coleman.

Keith Coleman has lived in the cove area for over 30 years. And with at least a dozen STVR

Hawaii’s vacation rentals hard hit in June by lockdowns and low travel demand

The lifting of COVID-19-related emergency vacation rental bans on the neighbor islands for the back half of June improved statewide vacation rental performance, but just barely.

Statewide vacation rental occupancy in June rose to 13.8%, a number that was 59.8 percentage points behind June 2019 but better than the prior month. In June 2020, the total monthly supply of statewide vacation rentals fell 61.5% to 339,441 unit nights and monthly demand fell 92.8% to 46,719 unit nights.

In comparison, only 9% of short-term units statewide were occupied in May, a month when emergency bans were active on all islands

2020 ‘a bust’ for vacation rentals

By NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

A “lifeline for the Bahamian tourism economy” has suffered the “biggest hit” possible as a result of the government’s border closure for US commercial transportation, a top realtor warned yesterday.

John Christie, HG Christie’s president and managing broker, told Tribune Business that 2020 was going to be “a bust” for the Bahamian vacation rental market given that its clients relied heavily on commercial aviation links to access this nation.

He said the loss of such US connections would have a “massive impact” on a sector that has given multiple Bahamians an opportunity to