WMRA STUDY EXPLORES THE IMPACT OFSHORT-TERM RENTALS IN POPULARMOUNTAIN DESTINATIONS
A new study commissioned by the Western Mountain Resort Alliance (WMRA), withfinancial support from the National Association of REALTORS®, and conducted by RRCAssociates and Inntopia, makes an unbiased review of the economic activitiessurrounding short-term rentals (STRs) and reveals the significant economic and socialcontributions STRs have in the mountain communities of Summit and Pitkin Counties inColorado. The study highlights the positive role STRs play in supporting local businesses,creating jobs, and providing diverse accommodation options for visitors.
Through these resources, you can gain valuable insights into:
- The economic benefits generated by STRs in these regions.
- The potential impact of STRs on housing availability and affordability.
- Additional considerations surrounding the management and regulation of STRs.
The WMRA encourages policymakers and the public to engage in constructive dialogueabout short-term rentals, based on data and the specific needs of each community. Byworking together, we can ensure that STRs remain a valuable contributor to Colorado’seconomy and communities, while respecting the quality of life for residents andpreserving the unique character of our mountain towns.
Click the links below to delve into the research.
Read the Summit County Executive Summary
Read the Summit County Final Report
Read the Pitkin County Executive Summary
Read the Pitkin County Final Report
Read the Teton County Executive Summary
Did you know?
The Grand County Association of REALTORS® is a member of the Western Mountain Resort Alliance(WMRA). The Alliance includes other REALTOR® Associations across the Mountain West who have common market issues, such as Short-Term Rental (STR) regulation, wildfire risk, and homeowner’s insurance issues. Together, WMRA represents nearly 9,000 REALTORS® who generated over $100 billion in sales volume in 5 years. WMRA has worked hard to bring the story of REALTORS® efforts to help their mountain resort communities to life. Check out the most recent study published about STR’s in Pitkin County and last year’s study on the Summit County area HERE