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Short-Term Rentals Rake in Millions of Revenue, Hundreds of Jobs: Study

Steven Luke and Laura McVicker, NBC7 SAN DIEGO

Thursday, October 8, 2015

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It found that local short-term rentals, including beachfront condos, downtown condos and neighborhood spots, generate $190 million in revenue, said Erik Bruvold of the National University Institute of Policy Research. Bruvold also said these short-term rentals bring in millions of dollars in taxes for the city.
"We’ve also seen at the same time hotel occupancy rates and revenue per available room also go up dramatically, and so what seems to be happening is there's a big expanding pie going on and there's enough demand to support both kinds of industries," Bruvold said.